Jun, 30, 2024 — 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 |
| 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 |
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