Dec, 31, 2023 — SNO FALLS CREDIT UNION is a federally insured state chartered credit union headquartered in NORTH BEND, WA with 2 branch locations and about $104.57 million in total assets. Opened 67 years ago in 1957, SNO FALLS CREDIT UNION has about 5,993 members and employs 25 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SNO FALLS CREDIT UNION |
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Address: (Main Office) | 320 SW Mt Si Blvd NORTH BEND, WA 98045 |
Phone: | (425) 888-4004 |
Fax: | (425) 888-4240 |
Website: | https://www.snofalls.com |
Branches: | 2 branch locations |
Members: | 5,993 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68293 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1957 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $104,567,277 |
CEO/Manager: | Timothy Williams |
Chairperson: | Steve Collins |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,105,227 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 47,407,123 |
Unsecured Loans | 3,601,598 |
Other Loans | 22,711,617 |
TOTAL LOANS | 73,720,338 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -221,791 |
Land And Building | 4,247,929 |
Other Fixed Assets | 1,825,805 |
NCUSIF Deposit | 955,973 |
All Other Assets | 0 |
TOTAL ASSETS | 104,567,277 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 3,515,918 |
Accounts Payable & Other Liabilities | 2,163,096 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 28,285,693 |
Regular shares | 40,261,015 |
All Other Shares & Deposits | 23,634,635 |
TOTAL SHARES & DEPOSITS | 92,181,343 |
TOTAL LIABILITIES | 97,860,357 |
Regular Reserve | 0 |
Other Reserves | -1,295,300 |
Undivided Earnings | 8,002,220 |
TOTAL EQUITY | 6,706,920 |
TOTAL LIABILITIES, SHARES, & EQUITY | 104,567,277 |
INCOME & EXPENSE | |
Loan Income | 3,817,315 |
Investment Income | 734,745 |
Other Income | 685,222 |
Total Employee Compensation & Benefits | 2,908,993 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,902,926 |
Non-operating Income & (Expense) | 588,611 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 130,104 |
Cost of Funds | 401,697 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 617,089 |
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» See also Statement of Financial Condition