Dec, 31, 2023 — EXPRESS CREDIT UNION is a federally insured state chartered credit union headquartered in SEATTLE, WA with 1 branch location and about $22.12 million in total assets. Opened 90 years ago in 1934, EXPRESS CREDIT UNION has about 3,346 members and employs 14 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | EXPRESS CREDIT UNION |
|---|---|
| Address: (Main Office) | 1930 6th Ave S Ste 104 SEATTLE, WA 98134-1627 |
| Phone: | (206) 622-1850 |
| Fax: | (206) 622-2073 |
| Website: | https://www.expresscu.org |
| Branches: | 1 branch locations |
| Members: | 3,346 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68273 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $22,124,184 |
| CEO/Manager: | Paul Baudin |
| Chairperson: | Sarah Slonsky |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | -40,040 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 252,318 |
| Unsecured Loans | 1,418,561 |
| Other Loans | 17,652,563 |
| TOTAL LOANS | 19,323,443 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -443,329 |
| Land And Building | 0 |
| Other Fixed Assets | 207,837 |
| NCUSIF Deposit | 151,997 |
| All Other Assets | 0 |
| TOTAL ASSETS | 22,124,184 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,526 |
| Notes & Interest Payable | 250,000 |
| Accounts Payable & Other Liabilities | 980,126 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,265,580 |
| Regular shares | 6,347,791 |
| All Other Shares & Deposits | 7,956,076 |
| TOTAL SHARES & DEPOSITS | 17,569,447 |
| TOTAL LIABILITIES | 18,802,099 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 3,322,085 |
| TOTAL EQUITY | 3,322,085 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 22,124,184 |
| INCOME & EXPENSE | |
| Loan Income | 1,156,132 |
| Investment Income | 101,737 |
| Other Income | 131,175 |
| Total Employee Compensation & Benefits | 1,115,770 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,186,719 |
| Non-operating Income & (Expense) | 1,114,276 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 133,099 |
| Cost of Funds | 224,590 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 33,556 |
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