Dec, 31, 2023 — SOUTHWEST RESEARCH CENTER FEDERAL CREDIT UNION is a federal credit union headquartered in SAN ANTONIO, TX with 2 branch locations and about $83.46 million in total assets. Opened 68 years ago in 1956, SOUTHWEST RESEARCH CENTER FEDERAL CREDIT UNION has about 4,934 members and employs 13 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 RESEARCH CENTER FEDERAL CREDIT UNION |
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Address: (Main Office) | 7215 Culebra Rd SAN ANTONIO, TX 78251-1305 |
Phone: | (210) 684-1054 |
Fax: | (210) 684-0670 |
Website: | https://www.swrcfcu.com |
Branches: | 2 branch locations |
Members: | 4,934 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 10913 |
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Membership Type: | Multiple common bond - other |
Corporate Credit Union: | No |
Year Opened: | 1956 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $83,462,886 |
CEO/Manager: | Karen S Mathias |
Chairperson: | Jorge Lopez |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,185,426 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 11,798,690 |
Unsecured Loans | 5,901,794 |
Other Loans | 21,419,914 |
TOTAL LOANS | 39,120,397 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -174,769 |
Land And Building | 1,043,249 |
Other Fixed Assets | 49,806 |
NCUSIF Deposit | 760,360 |
All Other Assets | 0 |
TOTAL ASSETS | 83,462,886 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 797,506 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 18,681,264 |
Regular shares | 41,417,637 |
All Other Shares & Deposits | 16,132,611 |
TOTAL SHARES & DEPOSITS | 76,231,513 |
TOTAL LIABILITIES | 77,029,019 |
Regular Reserve | 0 |
Other Reserves | -1,640,377 |
Undivided Earnings | 8,074,244 |
TOTAL EQUITY | 6,433,867 |
TOTAL LIABILITIES, SHARES, & EQUITY | 83,462,886 |
INCOME & EXPENSE | |
Loan Income | 1,814,072 |
Investment Income | 937,136 |
Other Income | 561,497 |
Total Employee Compensation & Benefits | 853,437 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,637,611 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 98,463 |
Cost of Funds | 193,141 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 604,122 |
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