Dec, 31, 2023 — SOUTH COAST ILWU FEDERAL CREDIT UNION is a federal credit union headquartered in NORTH BEND, OR with 1 branch location and about $18.42 million in total assets. Opened 70 years ago in 1954, SOUTH COAST ILWU FEDERAL CREDIT UNION has about 1,036 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SOUTH COAST ILWU FEDERAL CREDIT UNION |
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Address: (Main Office) | 2438 Broadway Ave NORTH BEND, OR 97459 |
Phone: | (541) 756-5746 |
Fax: | (541) 756-1244 |
Website: | https://southcoastilwufcu.com |
Branches: | 1 branch locations |
Members: | 1,036 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 9376 |
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Membership Type: | Multiple common bond - other |
Corporate Credit Union: | No |
Year Opened: | 1954 |
Last Audited: | Aug 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $18,415,558 |
CEO/Manager: | Kylee Smith |
Chairperson: | Marcia Strike |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,429,636 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,375,685 |
Unsecured Loans | 583,633 |
Other Loans | 6,744,112 |
TOTAL LOANS | 9,703,430 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -16,640 |
Land And Building | 280,786 |
Other Fixed Assets | 60,280 |
NCUSIF Deposit | 175,816 |
All Other Assets | 0 |
TOTAL ASSETS | 18,415,558 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 24,078 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,547,706 |
Regular shares | 9,806,521 |
All Other Shares & Deposits | 3,308,342 |
TOTAL SHARES & DEPOSITS | 15,662,570 |
TOTAL LIABILITIES | 15,686,648 |
Regular Reserve | 0 |
Other Reserves | 256,754 |
Undivided Earnings | 2,472,156 |
TOTAL EQUITY | 2,728,910 |
TOTAL LIABILITIES, SHARES, & EQUITY | 18,415,558 |
INCOME & EXPENSE | |
Loan Income | 428,962 |
Investment Income | 375,297 |
Other Income | 70,264 |
Total Employee Compensation & Benefits | 381,228 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 251,592 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,043 |
Cost of Funds | 13,479 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 230,396 |
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