Dec, 31, 2023 — PATELCO CREDIT UNION is a federally insured state chartered credit union headquartered in DUBLIN, CA with 36 branch locations and about $9.71 billion in total assets. Opened 88 years ago in 1936, PATELCO CREDIT UNION has about 496,307 members and employs 857 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PATELCO CREDIT UNION |
|---|---|
| Address: (Main Office) | 3 Park Pl DUBLIN, CA 94568 |
| Phone: | (800) 358-8228 |
| Fax: | |
| Website: | https://www.patelco.org |
| Branches: | 36 branch locations |
| Members: | 496,307 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68579 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $9,714,730,620 |
| CEO/Manager: | ERIN MENDEZ |
| Chairperson: | JESSE RIVERA |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,214,608,723 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 1,400,500 |
| Real Estate Loans | 4,356,317,075 |
| Unsecured Loans | 633,649,525 |
| Other Loans | 1,722,537,043 |
| TOTAL LOANS | 6,712,503,643 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -60,302,379 |
| Land And Building | 87,916,012 |
| Other Fixed Assets | 30,507,417 |
| NCUSIF Deposit | 78,886,679 |
| All Other Assets | 8,124,953 |
| TOTAL ASSETS | 9,714,730,620 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 100,822 |
| Notes & Interest Payable | 750,000,000 |
| Accounts Payable & Other Liabilities | 71,233,529 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,413,201,512 |
| Regular shares | 1,123,858,493 |
| All Other Shares & Deposits | 5,524,472,847 |
| TOTAL SHARES & DEPOSITS | 8,061,532,853 |
| TOTAL LIABILITIES | 8,885,279,591 |
| Regular Reserve | 0 |
| Other Reserves | -137,613,621 |
| Undivided Earnings | 967,064,650 |
| TOTAL EQUITY | 829,451,029 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 9,714,730,620 |
| INCOME & EXPENSE | |
| Loan Income | 308,655,661 |
| Investment Income | 85,166,254 |
| Other Income | 14,053,616 |
| Total Employee Compensation & Benefits | 114,776,386 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 89,053,503 |
| Non-operating Income & (Expense) | 2,619,787 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 37,931,620 |
| Cost of Funds | 130,751,954 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 72,555,392 |
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