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National Credit Union Service Organization

SEATTLE METROPOLITAN CREDIT UNION

Dec, 31, 2020 — SEATTLE METROPOLITAN CREDIT UNION is a federally insured state chartered credit union headquartered in SEATTLE, WA with 9 branch locations and about $959.71 million in total assets. Opened 88 years ago in 1933, SEATTLE METROPOLITAN CREDIT UNION has about 52,088 members and employs 149 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)
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:52,088
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, 2019
FHLB Member:Yes
Low Income Designation:No
Assets:$959,707,662
CEO/Manager:Richard Romero
Chairperson:Carlos Ruiz

Call Report

  • Commercial Loans
  • Debt Cancellation/Suspension
  • Indirect Consumer Loans
  • Micro Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • First Time Homebuyer Program
  • Insurance/Investment Sales
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 150,079,498
TOTAL INVESTMENTS 95,293,441
Loans Held for Sale 7,085,835
 
 Real Estate Loans 391,171,411
 Unsecured Loans 38,747,043
 Other Loans 228,258,917
 TOTAL LOANS 658,177,371
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -5,560,616
 Land And Building 0
 Other Fixed Assets 6,496,832
 NCUSIF Deposit 7,282,760
 All Other Assets 40,852,541
  TOTAL ASSETS 959,707,662
LIABILITIES & CAPITAL:  
 Dividends Payable 1,800
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 15,586,564
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 225,190,596
 Regular shares 266,747,875
 All Other Shares & Deposits 371,921,820
  TOTAL SHARES & DEPOSITS 863,860,291
  TOTAL LIABILITIES 879,448,655
 Regular Reserve 5,201,500
 Other Reserves 1,104,034
 Undivided Earnings 73,953,473
  TOTAL EQUITY 80,259,007
  TOTAL LIABILITIES, SHARES, & EQUITY 959,707,662
INCOME & EXPENSE  
 Loan Income 28,009,283
 Investment Income 1,251,311
 Other Income 14,990,782
 Total Employee Compensation & Benefits 15,420,463
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 19,708,011
 Non-operating Income & (Expense) 308,036
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 3,819,795
 Cost of Funds 2,603,719
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 3,007,424
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