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National Credit Union Service Organization

SOUTHWEST FEDERAL CREDIT UNION

Dec, 31, 2021 — SOUTHWEST FEDERAL CREDIT UNION is a federal credit union headquartered in ALBUQUERQUE, NM with 2 branch locations and about $79.28 million in total assets. Opened 86 years ago in 1936, SOUTHWEST FEDERAL CREDIT UNION has about 4,770 members and employs 26 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:SOUTHWEST FEDERAL CREDIT UNION
Address:
(Main Office)
8111 Harper Dr NE
ALBUQUERQUE, NM 87111-1046
Phone:(505) 243-6751
Fax:(505) 243-5604
Website:http://www.sfcunm.org
Branches:2 branch locations
Members:4,770
Credit Union Type:Federal Credit Union
Charter Number:964
Membership Type:Multiple common bond - Primarily communications and utilities
Corporate Credit Union:No
Year Opened:1936
Last Audited:Dec 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$79,279,633
CEO/Manager:Randy Lunsford
Chairperson:Albert Putzig

Call Report

  • Payday Alternative Loans (PAL Loans)
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,994,722
TOTAL INVESTMENTS 39,280,129
Loans Held for Sale 0
 
 Real Estate Loans 10,709,741
 Unsecured Loans 6,843,884
 Other Loans 15,381,881
 TOTAL LOANS 32,935,506
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -158,284
 Land And Building 2,656,979
 Other Fixed Assets 347,850
 NCUSIF Deposit 689,874
 All Other Assets 532,857
  TOTAL ASSETS 79,279,633
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 391,047
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 14,896,546
 Regular shares 28,550,726
 All Other Shares & Deposits 30,481,479
  TOTAL SHARES & DEPOSITS 73,928,751
  TOTAL LIABILITIES 74,319,798
 Regular Reserve 953,124
 Other Reserves -660,111
 Undivided Earnings 4,666,822
  TOTAL EQUITY 4,959,835
  TOTAL LIABILITIES, SHARES, & EQUITY 79,279,633
INCOME & EXPENSE  
 Loan Income 1,898,808
 Investment Income 594,012
 Other Income 292,043
 Total Employee Compensation & Benefits 1,565,857
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,360,397
 Non-operating Income & (Expense) 20
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 146,500
 Cost of Funds 200,397
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 158,326
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