Credit Unions Near Me
National Credit Union Service Organization

SOUTHWEST FEDERAL CREDIT UNION

Jun, 30, 2023 — SOUTHWEST FEDERAL CREDIT UNION is a federal credit union headquartered in ALBUQUERQUE, NM with 2 branch locations and about $77.28 million in total assets. Opened 88 years ago in 1936, SOUTHWEST FEDERAL CREDIT UNION has about 5,258 members and employs 28 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:https://www.sfcunm.org
Branches:2 branch locations
Members:5,258
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$77,277,218
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 2,375,652
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 11,806,319
 Unsecured Loans 8,119,528
 Other Loans 15,359,967
 TOTAL LOANS 36,177,298
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -108,844
 Land And Building 2,603,690
 Other Fixed Assets 268,633
 NCUSIF Deposit 697,428
 All Other Assets 0
  TOTAL ASSETS 77,277,218
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 362,846
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 14,831,246
 Regular shares 30,595,943
 All Other Shares & Deposits 29,860,196
  TOTAL SHARES & DEPOSITS 75,287,385
  TOTAL LIABILITIES 75,650,231
 Regular Reserve 0
 Other Reserves -3,155,767
 Undivided Earnings 4,782,754
  TOTAL EQUITY 1,626,987
  TOTAL LIABILITIES, SHARES, & EQUITY 77,277,218
INCOME & EXPENSE  
 Loan Income 1,357,205
 Investment Income 479,744
 Other Income 213,874
 Total Employee Compensation & Benefits 1,186,437
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 994,327
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 125,045
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 115,931
↑ Back to Top

Other Credit Unions

NORTHERN NEW MEXICO SCHOOL EMPLOYEE FEDERAL CREDIT UNION
614 Alta Vista St
SANTA FE, NM 87505
LOS ALAMOS SCHOOLS CREDIT UNION
1010 Central Ave.
LOS ALAMOS, NM 87544
BELEN RAILWAY EMPLOYEES CREDIT UNION
300 N 6th St
BELEN, NM 87002
GUADALUPE CREDIT UNION
2019 Galisteo St Ste K1
SANTA FE, NM 87505-2143
ZIA CREDIT UNION
1001 Central Ave
LOS ALAMOS, NM 87544
SANDIA LABORATORY FEDERAL CREDIT UNION
3707 Juan Tabo Blvd NE
ALBUQUERQUE, NM 87111
FIRST FINANCIAL CREDIT UNION
4910 Union Way NE
ALBUQUERQUE, NM 87107
KIRTLAND FEDERAL CREDIT UNION
6440 Gibson Blvd SE
ALBUQUERQUE, NM 87108
NUSENDA FEDERAL CREDIT UNION
4100 Pan American FWY NE
ALBUQUERQUE, NM 87107
U.S. EAGLE FEDERAL CREDIT UNION
3939 Osuna Rd NE
ALBUQUERQUE, NM 87109-4431

— The information found on this website is provided “AS IS”. We do not verify or guarantee its accuracy or validity. Please contact the credit union directly for any specific questions you may have regarding services and/or features. Visit NCUA.gov or MyCreditUnion.gov for more information regarding credit unions.