Mar, 31, 2022 — SOUTHWEST FEDERAL CREDIT UNION is a federal credit union headquartered in ALBUQUERQUE, NM with 2 branch locations and about $79.12 million in total assets. Opened 86 years ago in 1936, SOUTHWEST FEDERAL CREDIT UNION has about 4,765 members and employs 27 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: | 4,765 |
| 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: | $79,123,642 |
| CEO/Manager: | Randy Lunsford |
| Chairperson: | Albert Putzig |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,128,645 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 10,703,903 |
| Unsecured Loans | 7,116,785 |
| Other Loans | 15,306,058 |
| TOTAL LOANS | 33,126,746 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -141,439 |
| Land And Building | 2,638,402 |
| Other Fixed Assets | 319,203 |
| NCUSIF Deposit | 689,874 |
| All Other Assets | 0 |
| TOTAL ASSETS | 79,123,642 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 300,851 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 15,472,939 |
| Regular shares | 29,981,265 |
| All Other Shares & Deposits | 29,605,505 |
| TOTAL SHARES & DEPOSITS | 75,059,709 |
| TOTAL LIABILITIES | 75,360,560 |
| Regular Reserve | 0 |
| Other Reserves | -966,192 |
| Undivided Earnings | 4,729,274 |
| TOTAL EQUITY | 3,763,082 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 79,123,642 |
| INCOME & EXPENSE | |
| Loan Income | 453,808 |
| Investment Income | 159,569 |
| Other Income | 68,388 |
| Total Employee Compensation & Benefits | 375,776 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 345,308 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 43,637 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 62,451 |
| ↑ Back to Top | |