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.
| 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 |
| 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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