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National Credit Union Service Organization

SEATTLE METROPOLITAN CREDIT UNION

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.


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:52,906
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:$1,060,154,630
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 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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