Dec, 31, 2023 — STRATA FEDERAL CREDIT UNION is a federal credit union headquartered in BAKERSFIELD, CA with 4 branch locations and about $341.28 million in total assets. Opened 75 years ago in 1949, STRATA FEDERAL CREDIT UNION has about 23,721 members and employs 73 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | STRATA FEDERAL CREDIT UNION |
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Address: (Main Office) | 1717 Truxtun Ave BAKERSFIELD, CA 93301-5102 |
Phone: | (661) 327-9461 |
Fax: | (661) 327-2646 |
Website: | https://www.stratacu.org |
Branches: | 4 branch locations |
Members: | 23,721 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 6032 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1949 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $341,278,417 |
CEO/Manager: | Brandon Ivie |
Chairperson: | Virginia Krebs |
ASSETS: | $ Amount |
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Cash & Equivalents | 18,753,500 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 93,281,978 |
Unsecured Loans | 18,317,535 |
Other Loans | 154,294,148 |
TOTAL LOANS | 265,893,662 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,121,713 |
Land And Building | 10,591,082 |
Other Fixed Assets | 4,531,997 |
NCUSIF Deposit | 2,939,387 |
All Other Assets | 209,692 |
TOTAL ASSETS | 341,278,417 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 297,846 |
Notes & Interest Payable | 8,000,000 |
Accounts Payable & Other Liabilities | 6,909,442 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 63,775,869 |
Regular shares | 141,974,219 |
All Other Shares & Deposits | 77,072,564 |
TOTAL SHARES & DEPOSITS | 282,822,652 |
TOTAL LIABILITIES | 298,029,940 |
Regular Reserve | 0 |
Other Reserves | -80,873 |
Undivided Earnings | 43,329,350 |
TOTAL EQUITY | 43,248,477 |
TOTAL LIABILITIES, SHARES, & EQUITY | 341,278,417 |
INCOME & EXPENSE | |
Loan Income | 13,740,265 |
Investment Income | 1,735,840 |
Other Income | 989,515 |
Total Employee Compensation & Benefits | 5,428,836 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 6,941,437 |
Non-operating Income & (Expense) | 32,837 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,148,718 |
Cost of Funds | 1,902,573 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 3,137,450 |
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