Dec, 31, 2023 — SOLARITY CREDIT UNION is a federally insured state chartered credit union headquartered in YAKIMA, WA with 6 branch locations and about $866.57 million in total assets. Opened 73 years ago in 1951, SOLARITY CREDIT UNION has about 50,603 members and employs 143 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SOLARITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 110 N 5th Ave YAKIMA, WA 98902 |
| Phone: | (509) 248-1720 |
| Fax: | (509) 452-0678 |
| Website: | https://www.solaritycu.org |
| Branches: | 6 branch locations |
| Members: | 50,603 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68061 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1951 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $866,571,659 |
| CEO/Manager: | Mina Worthington |
| Chairperson: | Terry Morgan |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 106,899,191 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 514,660,542 |
| Unsecured Loans | 9,997,425 |
| Other Loans | 139,073,351 |
| TOTAL LOANS | 663,731,318 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,931,008 |
| Land And Building | 9,696,305 |
| Other Fixed Assets | 2,864,121 |
| NCUSIF Deposit | 6,066,739 |
| All Other Assets | 171,373 |
| TOTAL ASSETS | 866,571,659 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 90,300,000 |
| Accounts Payable & Other Liabilities | 18,803,273 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 144,572,496 |
| Regular shares | 234,009,695 |
| All Other Shares & Deposits | 255,038,819 |
| TOTAL SHARES & DEPOSITS | 633,621,010 |
| TOTAL LIABILITIES | 742,724,283 |
| Regular Reserve | 0 |
| Other Reserves | 16,547,177 |
| Undivided Earnings | 107,300,199 |
| TOTAL EQUITY | 123,847,376 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 866,571,659 |
| INCOME & EXPENSE | |
| Loan Income | 28,345,684 |
| Investment Income | 5,452,963 |
| Other Income | 3,547,431 |
| Total Employee Compensation & Benefits | 15,283,495 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 12,506,351 |
| Non-operating Income & (Expense) | -262,202 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 838,000 |
| Cost of Funds | 8,095,217 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,574,841 |
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