2024-11-06T03:34:44-00:00 2023-12-31 262515308 RANDY SILHAN CPA CFE PO BOX 1341 WOLFFORTH TX 79382 990 2023-01-01 750815084 SOUTHWEST 66 CREDIT UNION SOUT 4323636600 PO Box 12010 ODESSA TX 79768 ELIZABETH NEWMAN CEO 4323636600 2024-11-06 true true RANDY SILHAN P00107901 4325800204 2024-11-06 X 2023 2024-10-15 13:58:12Z ELIZABETH NEWMAN PO Box 12010 ODESSA TX 79768 6164860 false X www.southwest66.com X 1949 TX Cooperative provider of credit union services such as savings accounts, checking accounts, and consumer loans. 7 7 52 83200 0 4858117 5184553 567026 713313 345112 266994 5770255 6164860 0 0 2464167 2573680 0 0 2837781 3236212 5301948 5809892 468307 354968 100245342 103066371 90542197 92798338 9703145 10268033 Cooperative provider of credit union services such as savings accounts, checking accounts, and consumer loans. false false SHARE ACCOUNTS MEMBER SHARE ACCOUNTS PAY DIVIDENDS QUARTERLY. false false false false false false false false false true false false false true false false false false false false false false false false false false false false true false true false false false false false false false false false false false false true 16 0 52 true true true false false false false false false false false false false false X 7 7 false false false false true true true true true false true true false true true true true true true true false TX X X SOUTHWEST 66 CREDIT UNION 4323636600 PO BOX 12010 ODESSA TX 79768 ELIZABETH NEWMAN CEO 040.00 X 181500 0 10795 CON BRAZEAL CIO 040.00 X 127193 0 13545 WILLIAM DUKE COO 040.00 X 126249 0 13558 ERICA KING VP of Lending 040.00 X 91432 0 11698 AARON CHAVEZ VP of Member Services 040.00 X 72389 0 10577 JACK BAIN Board Vice Chairman 001.00 X X 3900 0 0 TOM SPRAWLS Board Treasurer 001.00 X X 3700 0 0 TERRY LOUVIN Director 001.00 X 3700 0 0 RAY FOWLER Director 001.00 X 3700 0 0 KRIS CROW Board Chairman 001.00 X X 3500 0 0 JAMES BEAUCHAMP Director 001.00 X 2450 0 0 JERRY RENO Board Secretary 001.00 X X 1800 0 0 621513 60173 4 false true false LOAN INTEREST INCOME 522100 3818388 3818388 FEES AND CHARGES 522100 1366165 1366165 5184553 713313 713313 WARRANTY SALES 522100 83200 83200 GAP Credit life and disability insurance 522100 136529 136529 LIFE INSURANCE INCOME 525100 47265 47265 266994 6164860 6081660 83200 0 0 0 0 621513 0 1491502 54919 250244 155502 0 6392 42209 0 0 41096 94786 1124068 0 0 248291 0 0 182595 681909 0 294920 0 PROVISION FOR LOAN LOSS 287940 LOAN SERVICING 50257 ASSOCIATION DUES 18347 MISCELLANEOUS OPERATING EXPENSES 163402 0 5809892 6305702 6284162 996000 996000 1595423 1533895 67606019 70713809 272919 251477 7925564 5154193 3009886 2771371 16366934 16313342 4092459 4202315 100245342 103066371 1530802 2133940 89011395 90664398 90542197 92798338 X 9703145 10268033 9703145 10268033 100245342 103066371 354968 209920 X false false false false 98074 98074 4844976 2476042 2368934 222089 222089 2641577 2399748 241829 118848 56314 62534 2771371 Financial derivatives and other financial products Closely-held equity interests Federal income taxes SHARE ACCOUNTS AND CERTIFICATES OF DEPOSIT 90664398 90664398 true X false false false ELIZABETH NEWMAN CEO 181500 9900 895 192295 William Duke COO Personal X 25072 false true true Con Brazeal CIO Personal X 38387 false true true Aaron Chavez VP of Member Services Personal X 26163 false true true Erica King VP of Lending Personal X 99907 false true true Kris Crow Chairman Personal X 517329 false true true Kris Crow LLC Chairman Business X 196337 false true true Jack Bain Vice President Personal X 387678 false true true Terry Louvin Director Personal X 243022 false true true 1533895 Form 990, Part VI, Section A, Line 6 All members are stockholders Form 990, Part VI, Section A, Line 7a and 7b Members elect the board of directors who make decisions for the credit union. Form 990, Part VI, Section B, Line 11b The COO and CIO review the 990 and 990-T prior to filing. Form 990, Part VI, Section B, Line 12c Directors are made aware of the policy and sign a conflict of interest statement upon their election to the board. It is monitored by executive management and officers. Form 990, Part VI, Section B, Line 15a and 15b The board reviews compensation of the CEO and does a performance evaluation annually. Executive management evaluates officers who are employees as part of their regular job performance review. Form 990, Part VI, Section C, Line 19 Governing documents, financial statements, and the 990 are available for inspection at the credit unions office at 4041 E. 52nd St. Odessa, TX 79762.