Dec, 31, 2023 — COMMONWEALTH CENTRAL CREDIT UNION is a federally insured state chartered credit union headquartered in SAN JOSE, CA with 4 branch locations and about $631.46 million in total assets. Opened 66 years ago in 1958, COMMONWEALTH CENTRAL CREDIT UNION has about 39,279 members and employs 98 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | COMMONWEALTH CENTRAL CREDIT UNION |
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Address: (Main Office) | 5890 Silver Creek Valley Rd SAN JOSE, CA 95138 |
Phone: | (408) 531-3100 |
Fax: | |
Website: | https://www.wealthcu.org |
Branches: | 4 branch locations |
Members: | 39,279 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 61741 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1958 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $631,464,188 |
CEO/Manager: | Viktoria Earle |
Chairperson: | James Crawford |
ASSETS: | $ Amount |
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Cash & Equivalents | 67,650,631 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 376,362,524 |
Unsecured Loans | 27,335,483 |
Other Loans | 114,292,003 |
TOTAL LOANS | 517,990,010 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,570,419 |
Land And Building | 10,085,916 |
Other Fixed Assets | 4,152,974 |
NCUSIF Deposit | 5,414,126 |
All Other Assets | 144,308 |
TOTAL ASSETS | 631,464,188 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 6,104,972 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 153,340,089 |
Regular shares | 256,325,430 |
All Other Shares & Deposits | 143,388,317 |
TOTAL SHARES & DEPOSITS | 553,053,836 |
TOTAL LIABILITIES | 559,193,467 |
Regular Reserve | 0 |
Other Reserves | -1,215,914 |
Undivided Earnings | 73,486,635 |
TOTAL EQUITY | 72,270,721 |
TOTAL LIABILITIES, SHARES, & EQUITY | 631,464,188 |
INCOME & EXPENSE | |
Loan Income | 23,358,325 |
Investment Income | 4,186,624 |
Other Income | 2,574,860 |
Total Employee Compensation & Benefits | 11,368,711 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 9,320,589 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,434,220 |
Cost of Funds | 1,718,260 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 10,841,256 |
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