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National Credit Union Service Organization

SEATTLE METROPOLITAN CREDIT UNION

Mar, 31, 2022 — SEATTLE METROPOLITAN CREDIT UNION is a federally insured state chartered credit union headquartered in SEATTLE, WA with 9 branch locations and about $1.08 billion in total assets. Opened 89 years ago in 1933, SEATTLE METROPOLITAN CREDIT UNION has about 53,587 members and employs 148 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 325081500
Name:SEATTLE METROPOLITAN CREDIT UNION
Address:
(Main Office)
1910 1st Ave S
SEATTLE, WA 98134-1474
Phone:(206) 398-5500
Fax:(206) 398-5516
Website:http://www.seattlecu.com
Branches:9 branch locations
Members:53,587
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:Mar 01, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$1,079,820,014
CEO/Manager:Richard Romero
Chairperson:Carlos Ruiz

Call Report

  • Credit Builder
  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 163,339,100
TOTAL INVESTMENTS 0
Loans Held for Sale 3,017,200
 
 Real Estate Loans 398,017,596
 Unsecured Loans 104,702,290
 Other Loans 230,152,645
 TOTAL LOANS 732,872,531
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -4,643,477
 Land And Building 0
 Other Fixed Assets 6,911,105
 NCUSIF Deposit 8,175,662
 All Other Assets 466,741
  TOTAL ASSETS 1,079,820,014
LIABILITIES & CAPITAL:  
 Dividends Payable 1,934
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 17,893,707
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 258,143,109
 Regular shares 322,215,021
 All Other Shares & Deposits 408,392,757
  TOTAL SHARES & DEPOSITS 988,750,887
  TOTAL LIABILITIES 1,006,646,528
 Regular Reserve 0
 Other Reserves -2,229,304
 Undivided Earnings 75,402,790
  TOTAL EQUITY 73,173,486
  TOTAL LIABILITIES, SHARES, & EQUITY 1,079,820,014
INCOME & EXPENSE  
 Loan Income 7,360,991
 Investment Income 352,127
 Other Income 865,387
 Total Employee Compensation & Benefits 4,214,393
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 4,622,189
 Non-operating Income & (Expense) 23,754
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 555,184
 Cost of Funds 566,400
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,279,809
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