Jun, 30, 2024 — SNOCOPE CREDIT UNION is a federally insured state chartered credit union headquartered in EVERETT, WA with 1 branch location and about $80.43 million in total assets. Opened 65 years ago in 1959, SNOCOPE CREDIT UNION has about 6,333 members and employs 13 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SNOCOPE CREDIT UNION |
|---|---|
| Address: (Main Office) | 3130 Rockefeller Ave EVERETT, WA 98201-4029 |
| Phone: | (425) 388-3481 |
| Fax: | (425) 339-9482 |
| Website: | https://snocope.org/ |
| Branches: | 1 branch locations |
| Members: | 6,333 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68622 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Sep 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $80,429,321 |
| CEO/Manager: | Steven J Ellis |
| Chairperson: | Sheila Postle |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,233,508 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 10,243,761 |
| Unsecured Loans | 3,815,511 |
| Other Loans | 30,774,556 |
| TOTAL LOANS | 44,833,828 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -316,611 |
| Land And Building | 234,470 |
| Other Fixed Assets | 151,079 |
| NCUSIF Deposit | 704,616 |
| All Other Assets | 17,178 |
| TOTAL ASSETS | 80,429,321 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 527,130 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 14,658,354 |
| Regular shares | 31,164,036 |
| All Other Shares & Deposits | 28,655,055 |
| TOTAL SHARES & DEPOSITS | 74,477,445 |
| TOTAL LIABILITIES | 75,004,575 |
| Regular Reserve | 0 |
| Other Reserves | -114,644 |
| Undivided Earnings | 5,539,390 |
| TOTAL EQUITY | 5,424,746 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 80,429,321 |
| INCOME & EXPENSE | |
| Loan Income | 1,475,694 |
| Investment Income | 254,949 |
| Other Income | 143,837 |
| Total Employee Compensation & Benefits | 850,120 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,071,389 |
| Non-operating Income & (Expense) | 2,331 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 60,603 |
| Cost of Funds | 45,701 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 206,722 |
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