Dec, 31, 2021 — SEATTLE METROPOLITAN CREDIT UNION is a federally insured state chartered credit union headquartered in SEATTLE, WA with 9 branch locations and about $1.06 billion in total assets. Opened 89 years ago in 1933, SEATTLE METROPOLITAN CREDIT UNION has about 52,906 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.
Name: | SEATTLE METROPOLITAN CREDIT UNION |
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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: | 52,906 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68315 |
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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: | $1,060,154,630 |
CEO/Manager: | Richard Romero |
Chairperson: | Carlos Ruiz |
ASSETS: | $ Amount |
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Cash & Equivalents | 149,563,280 |
TOTAL INVESTMENTS | 136,984,997 |
Loans Held for Sale | 4,216,362 |
Real Estate Loans | 381,305,132 |
Unsecured Loans | 36,140,213 |
Other Loans | 299,113,039 |
TOTAL LOANS | 716,558,384 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,589,289 |
Land And Building | 0 |
Other Fixed Assets | 3,276,374 |
NCUSIF Deposit | 8,175,662 |
All Other Assets | 45,968,860 |
TOTAL ASSETS | 1,060,154,630 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1,807 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 15,823,886 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 254,626,913 |
Regular shares | 306,903,726 |
All Other Shares & Deposits | 404,946,955 |
TOTAL SHARES & DEPOSITS | 966,477,594 |
TOTAL LIABILITIES | 982,303,287 |
Regular Reserve | 5,201,501 |
Other Reserves | -1,473,141 |
Undivided Earnings | 74,122,983 |
TOTAL EQUITY | 77,851,343 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,060,154,630 |
INCOME & EXPENSE | |
Loan Income | 28,276,133 |
Investment Income | 1,090,604 |
Other Income | 3,539,052 |
Total Employee Compensation & Benefits | 16,572,098 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 24,408,399 |
Non-operating Income & (Expense) | 239,330 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 285,815 |
Cost of Funds | 2,335,915 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 169,511 |
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