Dec, 31, 2023 — COUNTY SCHOOLS FEDERAL CREDIT UNION is a federal credit union headquartered in VENTURA, CA with 2 branch locations and about $88.79 million in total assets. Opened 64 years ago in 1960, COUNTY SCHOOLS FEDERAL CREDIT UNION has about 5,388 members and employs 15 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | COUNTY SCHOOLS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3954 E Main St VENTURA, CA 93003 |
| Phone: | (805) 644-4657 |
| Fax: | (805) 650-7301 |
| Website: | https://csfcu.org |
| Branches: | 2 branch locations |
| Members: | 5,388 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13495 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Mar 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $88,786,663 |
| CEO/Manager: | Hector Martin |
| Chairperson: | Adam Lopez |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,815,893 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 54,274,205 |
| Unsecured Loans | 5,609,072 |
| Other Loans | 16,666,619 |
| TOTAL LOANS | 76,549,896 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -616,837 |
| Land And Building | 5,864,475 |
| Other Fixed Assets | 345,917 |
| NCUSIF Deposit | 706,785 |
| All Other Assets | 4,484 |
| TOTAL ASSETS | 88,786,663 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 500,793 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 12,872,410 |
| Regular shares | 29,919,473 |
| All Other Shares & Deposits | 38,573,702 |
| TOTAL SHARES & DEPOSITS | 81,365,586 |
| TOTAL LIABILITIES | 81,866,379 |
| Regular Reserve | 0 |
| Other Reserves | -52,018 |
| Undivided Earnings | 6,972,302 |
| TOTAL EQUITY | 6,920,284 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 88,786,663 |
| INCOME & EXPENSE | |
| Loan Income | 3,889,505 |
| Investment Income | 91,986 |
| Other Income | 496,722 |
| Total Employee Compensation & Benefits | 1,281,621 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,363,750 |
| Non-operating Income & (Expense) | 39,123 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 746,661 |
| Cost of Funds | 1,050,073 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 92,015 |
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