Dec, 31, 2023 — STRAIT VIEW CREDIT UNION is a federally insured state chartered credit union headquartered in PORT ANGELES, WA with 1 branch location and about $101.38 million in total assets. Opened 85 years ago in 1939, STRAIT VIEW CREDIT UNION has about 7,231 members and employs 15 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | STRAIT VIEW CREDIT UNION |
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Address: (Main Office) | 220 S Lincoln St PORT ANGELES, WA 98362-3003 |
Phone: | (360) 452-3883 |
Fax: | (360) 452-1377 |
Website: | https://www.svcu.com |
Branches: | 1 branch locations |
Members: | 7,231 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68231 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1939 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $101,382,875 |
CEO/Manager: | Lisa Roening |
Chairperson: | Alan Slind |
ASSETS: | $ Amount |
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Cash & Equivalents | 16,147,022 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 11,187,577 |
Unsecured Loans | 3,899,221 |
Other Loans | 30,419,372 |
TOTAL LOANS | 45,506,170 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -458,749 |
Land And Building | 752,524 |
Other Fixed Assets | 567,554 |
NCUSIF Deposit | 867,200 |
All Other Assets | 0 |
TOTAL ASSETS | 101,382,875 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 72,423 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,621,661 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 19,008,373 |
Regular shares | 32,176,299 |
All Other Shares & Deposits | 36,517,057 |
TOTAL SHARES & DEPOSITS | 87,701,728 |
TOTAL LIABILITIES | 89,395,812 |
Regular Reserve | 0 |
Other Reserves | 183,602 |
Undivided Earnings | 11,803,461 |
TOTAL EQUITY | 11,987,063 |
TOTAL LIABILITIES, SHARES, & EQUITY | 101,382,875 |
INCOME & EXPENSE | |
Loan Income | 2,494,160 |
Investment Income | 1,679,790 |
Other Income | 158,873 |
Total Employee Compensation & Benefits | 1,534,965 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,483,922 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 29,150 |
Cost of Funds | 481,872 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,278,022 |
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