Mar, 31, 2021 — SEATTLE METROPOLITAN CREDIT UNION is a federally insured state chartered credit union headquartered in SEATTLE, WA with 9 branch locations and about $1.00 billion in total assets. Opened 88 years ago in 1933, SEATTLE METROPOLITAN CREDIT UNION has about 52,753 members and employs 151 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SEATTLE METROPOLITAN CREDIT UNION |
|---|---|
| Address: (Main Office) | 1521 1ST AVE S STE 500 SEATTLE, WA 98134-1473 |
| Phone: | (206) 398-5500 |
| Fax: | (206) 398-5516 |
| Website: | http://www.seattlecu.com |
| Branches: | 9 branch locations |
| Members: | 52,753 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68315 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1933 |
| Last Audited: | Dec 01, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,004,137,979 |
| CEO/Manager: | Richard Romero |
| Chairperson: | Carlos Ruiz |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 145,354,018 |
| TOTAL INVESTMENTS | 112,747,093 |
| Loans Held for Sale | 9,803,833 |
| Real Estate Loans | 375,088,778 |
| Unsecured Loans | 36,626,244 |
| Other Loans | 270,436,364 |
| TOTAL LOANS | 682,151,386 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,531,083 |
| Land And Building | 0 |
| Other Fixed Assets | 6,157,880 |
| NCUSIF Deposit | 7,282,760 |
| All Other Assets | 46,172,092 |
| TOTAL ASSETS | 1,004,137,979 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,801 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 14,535,109 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 246,083,849 |
| Regular shares | 283,305,326 |
| All Other Shares & Deposits | 381,117,284 |
| TOTAL SHARES & DEPOSITS | 910,506,459 |
| TOTAL LIABILITIES | 925,043,369 |
| Regular Reserve | 5,201,500 |
| Other Reserves | -208,844 |
| Undivided Earnings | 74,101,954 |
| TOTAL EQUITY | 79,094,610 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,004,137,979 |
| INCOME & EXPENSE | |
| Loan Income | 6,768,434 |
| Investment Income | 272,784 |
| Other Income | 827,728 |
| Total Employee Compensation & Benefits | 4,079,156 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 5,026,662 |
| Non-operating Income & (Expense) | 16,021 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 308,372 |
| Cost of Funds | 580,329 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 148,480 |
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