Dec, 31, 2023 — SOUTHWEST AIRLINES FEDERAL CREDIT UNION is a federal credit union headquartered in Dallas, TX with 4 branch locations and about $776.39 million in total assets. Opened 49 years ago in 1975, SOUTHWEST AIRLINES FEDERAL CREDIT UNION has about 58,819 members and employs 114 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 AIRLINES FEDERAL CREDIT UNION |
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Address: (Main Office) | PO Box 35708 Dallas, TX 75235 |
Phone: | (214) 357-5577 |
Fax: | (214) 956-3991 |
Website: | https://www.swacu.org |
Branches: | 4 branch locations |
Members: | 58,819 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 22157 |
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Membership Type: | Multiple common bond - Primarily transportation |
Corporate Credit Union: | No |
Year Opened: | 1975 |
Last Audited: | Aug 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $776,385,622 |
CEO/Manager: | Cynde Jones |
Chairperson: | Scott Johnson |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,715,153 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 253,403,008 |
Unsecured Loans | 133,393,443 |
Other Loans | 217,833,440 |
TOTAL LOANS | 604,629,891 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,758,985 |
Land And Building | 7,611,527 |
Other Fixed Assets | 1,909,519 |
NCUSIF Deposit | 6,434,065 |
All Other Assets | 201,615 |
TOTAL ASSETS | 776,385,622 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1,977,308 |
Notes & Interest Payable | 48,910,000 |
Accounts Payable & Other Liabilities | 9,053,519 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 309,412,870 |
Regular shares | 151,972,036 |
All Other Shares & Deposits | 172,033,752 |
TOTAL SHARES & DEPOSITS | 633,418,658 |
TOTAL LIABILITIES | 693,359,485 |
Regular Reserve | 0 |
Other Reserves | -8,299,407 |
Undivided Earnings | 91,325,544 |
TOTAL EQUITY | 83,026,137 |
TOTAL LIABILITIES, SHARES, & EQUITY | 776,385,622 |
INCOME & EXPENSE | |
Loan Income | 29,285,629 |
Investment Income | 13,875,134 |
Other Income | 9,157,234 |
Total Employee Compensation & Benefits | 12,914,768 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 10,815,499 |
Non-operating Income & (Expense) | 586,114 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,362,422 |
Cost of Funds | 21,152,758 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 3,658,664 |
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