Dec, 31, 2023 — SNOCOPE CREDIT UNION is a federally insured state chartered credit union headquartered in EVERETT, WA with 1 branch location and about $80.82 million in total assets. Opened 65 years ago in 1959, SNOCOPE CREDIT UNION has about 6,488 members and employs 14 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: | 6,488 |
| 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, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $80,823,523 |
| CEO/Manager: | Steven J Ellis |
| Chairperson: | Sheila Postle |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,650,039 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 10,670,365 |
| Unsecured Loans | 3,216,036 |
| Other Loans | 40,935,700 |
| TOTAL LOANS | 54,822,101 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -501,187 |
| Land And Building | 226,812 |
| Other Fixed Assets | 144,883 |
| NCUSIF Deposit | 697,815 |
| All Other Assets | 35,745 |
| TOTAL ASSETS | 80,823,523 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 624,517 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 15,247,557 |
| Regular shares | 29,806,819 |
| All Other Shares & Deposits | 29,003,925 |
| TOTAL SHARES & DEPOSITS | 74,058,300 |
| TOTAL LIABILITIES | 74,682,817 |
| Regular Reserve | 0 |
| Other Reserves | -64,108 |
| Undivided Earnings | 6,204,814 |
| TOTAL EQUITY | 6,140,706 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 80,823,523 |
| INCOME & EXPENSE | |
| Loan Income | 3,149,602 |
| Investment Income | 496,906 |
| Other Income | 204,785 |
| Total Employee Compensation & Benefits | 1,190,743 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,598,149 |
| Non-operating Income & (Expense) | 101,752 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 571,261 |
| Cost of Funds | 303,368 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 630,354 |
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