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National Credit Union Service Organization

SOUTHWEST FEDERAL CREDIT UNION

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

Call Report

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

Financial Summary

» See also Statement of Financial Condition
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
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