Dec, 31, 2023 — EXCITE CREDIT UNION is a federally insured state chartered credit union headquartered in SAN JOSE, CA with 5 branch locations and about $702.66 million in total assets. Opened 72 years ago in 1952, EXCITE CREDIT UNION has about 46,225 members and employs 120 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | EXCITE CREDIT UNION |
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Address: (Main Office) | 151 Bernal Rd SAN JOSE, CA 95119-1306 |
Phone: | (408) 265-7322 |
Fax: | |
Website: | https://www.excitecu.org |
Branches: | 5 branch locations |
Members: | 46,225 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68441 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1952 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $702,664,031 |
CEO/Manager: | Brian Dorcy |
Chairperson: | Donna Rhody |
ASSETS: | $ Amount |
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Cash & Equivalents | 25,621,307 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 254,324,294 |
Unsecured Loans | 43,873,944 |
Other Loans | 221,685,523 |
TOTAL LOANS | 519,883,761 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,160,625 |
Land And Building | 15,889,648 |
Other Fixed Assets | 4,127,555 |
NCUSIF Deposit | 5,523,049 |
All Other Assets | 828,649 |
TOTAL ASSETS | 702,664,031 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 79,875,000 |
Accounts Payable & Other Liabilities | 6,821,253 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 196,699,972 |
Regular shares | 186,400,982 |
All Other Shares & Deposits | 188,427,560 |
TOTAL SHARES & DEPOSITS | 571,528,514 |
TOTAL LIABILITIES | 658,224,767 |
Regular Reserve | 0 |
Other Reserves | -12,723,612 |
Undivided Earnings | 57,162,876 |
TOTAL EQUITY | 44,439,264 |
TOTAL LIABILITIES, SHARES, & EQUITY | 702,664,031 |
INCOME & EXPENSE | |
Loan Income | 25,616,913 |
Investment Income | 3,711,810 |
Other Income | 3,145,616 |
Total Employee Compensation & Benefits | 12,892,445 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 13,949,084 |
Non-operating Income & (Expense) | 4,147,901 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,145,396 |
Cost of Funds | 8,416,188 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,375,856 |
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