Dec, 31, 2023 — CLEARPATH FEDERAL CREDIT UNION is a federal credit union headquartered in BURBANK, CA with 1 branch location and about $151.15 million in total assets. Opened 70 years ago in 1954, CLEARPATH FEDERAL CREDIT UNION has about 11,007 members and employs 35 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CLEARPATH FEDERAL CREDIT UNION |
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Address: (Main Office) | 300 E Magnolia Blvd BURBANK, CA 91502 |
Phone: | (818) 937-5300 |
Fax: | (818) 937-5329 |
Website: | https://www.clearpathfcu.org |
Branches: | 1 branch locations |
Members: | 11,007 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 9556 |
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Membership Type: | Multiple common bond - Primarily finance, insurance, real estate, trade |
Corporate Credit Union: | No |
Year Opened: | 1954 |
Last Audited: | Jun 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $151,151,598 |
CEO/Manager: | Gerardo Guzman |
Chairperson: | Russell Morgan |
ASSETS: | $ Amount |
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Cash & Equivalents | 17,603,556 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 69,573,662 |
Unsecured Loans | 7,701,006 |
Other Loans | 29,634,667 |
TOTAL LOANS | 106,909,336 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -289,111 |
Land And Building | 0 |
Other Fixed Assets | 2,322,436 |
NCUSIF Deposit | 1,330,778 |
All Other Assets | 398,625 |
TOTAL ASSETS | 151,151,598 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 36 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,450,924 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 27,200,215 |
Regular shares | 40,406,148 |
All Other Shares & Deposits | 67,248,658 |
TOTAL SHARES & DEPOSITS | 134,855,021 |
TOTAL LIABILITIES | 137,305,981 |
Regular Reserve | 0 |
Other Reserves | -5,386,273 |
Undivided Earnings | 19,231,890 |
TOTAL EQUITY | 13,845,617 |
TOTAL LIABILITIES, SHARES, & EQUITY | 151,151,598 |
INCOME & EXPENSE | |
Loan Income | 5,421,452 |
Investment Income | 1,177,452 |
Other Income | 980,474 |
Total Employee Compensation & Benefits | 2,711,703 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,988,585 |
Non-operating Income & (Expense) | -59,685 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 664,651 |
Cost of Funds | 1,592,441 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 568,455 |
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