Dec, 31, 2023 — SAFEWAY FEDERAL CREDIT UNION is a federal credit union headquartered in SPOKANE, WA with 1 branch location and about $67.70 million in total assets. Opened 72 years ago in 1952, SAFEWAY FEDERAL CREDIT UNION has about 4,424 members and employs 12 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SAFEWAY FEDERAL CREDIT UNION |
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Address: (Main Office) | 529 E North Foothills Dr SPOKANE, WA 99207 |
Phone: | (509) 483-9416 |
Fax: | (509) 483-1014 |
Website: | https://safewayfcu.com |
Branches: | 1 branch locations |
Members: | 4,424 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 8132 |
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Membership Type: | Multiple common bond - other |
Corporate Credit Union: | No |
Year Opened: | 1952 |
Last Audited: | Aug 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $67,704,904 |
CEO/Manager: | Wendy K Spoerl |
Chairperson: | James G Ingebritsen |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,295,971 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 11,165,910 |
Unsecured Loans | 1,832,722 |
Other Loans | 29,284,005 |
TOTAL LOANS | 42,282,638 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -165,243 |
Land And Building | 449,884 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 535,523 |
All Other Assets | 66,229 |
TOTAL ASSETS | 67,704,904 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 663,227 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 8,566,219 |
Regular shares | 31,781,475 |
All Other Shares & Deposits | 11,892,184 |
TOTAL SHARES & DEPOSITS | 52,239,878 |
TOTAL LIABILITIES | 52,903,105 |
Regular Reserve | 0 |
Other Reserves | 570,640 |
Undivided Earnings | 14,231,159 |
TOTAL EQUITY | 14,801,799 |
TOTAL LIABILITIES, SHARES, & EQUITY | 67,704,904 |
INCOME & EXPENSE | |
Loan Income | 1,547,662 |
Investment Income | 474,438 |
Other Income | 329,152 |
Total Employee Compensation & Benefits | 742,142 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 805,953 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 100,365 |
Cost of Funds | 216,620 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 498,674 |
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» See also Statement of Financial Condition