Dec, 31, 2023 — SAFEWAY FEDERAL CREDIT UNION is a federal credit union headquartered in SPOKANE, WA with 1 branch location and about $67.70 million in total assets. Opened 72 years ago in 1952, SAFEWAY FEDERAL CREDIT UNION has about 4,424 members and employs 12 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SAFEWAY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 529 E North Foothills Dr SPOKANE, WA 99207 |
| Phone: | (509) 483-9416 |
| Fax: | (509) 483-1014 |
| Website: | https://safewayfcu.com |
| Branches: | 1 branch locations |
| Members: | 4,424 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8132 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Aug 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $67,704,904 |
| CEO/Manager: | Wendy K Spoerl |
| Chairperson: | James G Ingebritsen |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,295,971 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 11,165,910 |
| Unsecured Loans | 1,832,722 |
| Other Loans | 29,284,005 |
| TOTAL LOANS | 42,282,638 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -165,243 |
| Land And Building | 449,884 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 535,523 |
| All Other Assets | 66,229 |
| TOTAL ASSETS | 67,704,904 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 663,227 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 8,566,219 |
| Regular shares | 31,781,475 |
| All Other Shares & Deposits | 11,892,184 |
| TOTAL SHARES & DEPOSITS | 52,239,878 |
| TOTAL LIABILITIES | 52,903,105 |
| Regular Reserve | 0 |
| Other Reserves | 570,640 |
| Undivided Earnings | 14,231,159 |
| TOTAL EQUITY | 14,801,799 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 67,704,904 |
| INCOME & EXPENSE | |
| Loan Income | 1,547,662 |
| Investment Income | 474,438 |
| Other Income | 329,152 |
| Total Employee Compensation & Benefits | 742,142 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 805,953 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 100,365 |
| Cost of Funds | 216,620 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 498,674 |
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