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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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 |
| ↑ Back to Top | |