Dec, 31, 2023 — CALIFORNIA AGRIBUSINESS CREDIT UNION is a federally insured state chartered credit union headquartered in BUENA PARK, CA with 2 branch locations and about $25.80 million in total assets. Opened 88 years ago in 1936, CALIFORNIA AGRIBUSINESS CREDIT UNION has about 3,479 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CALIFORNIA AGRIBUSINESS CREDIT UNION |
|---|---|
| Address: (Main Office) | 6281 Beach Blvd Ste 87 BUENA PARK, CA 90621-4214 |
| Phone: | (714) 690-4865 |
| Fax: | (714) 690-4863 |
| Website: | https://www.calagcu.org |
| Branches: | 2 branch locations |
| Members: | 3,479 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68052 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $25,795,154 |
| CEO/Manager: | Angel Hernandez |
| Chairperson: | Daniel J McCarrel |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 256,782 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,587,863 |
| Unsecured Loans | 3,059,609 |
| Other Loans | 7,845,763 |
| TOTAL LOANS | 12,493,235 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -49,670 |
| Land And Building | 0 |
| Other Fixed Assets | 5,288 |
| NCUSIF Deposit | 248,636 |
| All Other Assets | 0 |
| TOTAL ASSETS | 25,795,154 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 209,071 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,375,583 |
| Regular shares | 13,913,336 |
| All Other Shares & Deposits | 7,300,226 |
| TOTAL SHARES & DEPOSITS | 23,589,145 |
| TOTAL LIABILITIES | 23,798,216 |
| Regular Reserve | 0 |
| Other Reserves | -364,059 |
| Undivided Earnings | 2,360,997 |
| TOTAL EQUITY | 1,996,938 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 25,795,154 |
| INCOME & EXPENSE | |
| Loan Income | 618,910 |
| Investment Income | 296,368 |
| Other Income | 47,589 |
| Total Employee Compensation & Benefits | 311,559 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 691,799 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 122,935 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 43,540 |
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