Dec, 31, 2023 — SACRAMENTO CREDIT UNION is a federally insured state chartered credit union headquartered in SACRAMENTO, CA with 7 branch locations and about $806.22 million in total assets. Opened 89 years ago in 1935, SACRAMENTO CREDIT UNION has about 27,522 members and employs 95 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SACRAMENTO CREDIT UNION |
|---|---|
| Address: (Main Office) | 800 H St SACRAMENTO, CA 95814-2607 |
| Phone: | (888) 722-8601 |
| Fax: | |
| Website: | https://www.sactocu.org |
| Branches: | 7 branch locations |
| Members: | 27,522 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62641 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $806,216,574 |
| CEO/Manager: | Bhavnesh Makin |
| Chairperson: | Les Brown |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 156,874,270 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 201,094,890 |
| Unsecured Loans | 57,376,322 |
| Other Loans | 145,089,219 |
| TOTAL LOANS | 403,560,431 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,011,219 |
| Land And Building | 2,815,560 |
| Other Fixed Assets | 987,383 |
| NCUSIF Deposit | 5,533,949 |
| All Other Assets | 21,770 |
| TOTAL ASSETS | 806,216,574 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 89,200,000 |
| Accounts Payable & Other Liabilities | 9,361,433 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 168,991,378 |
| Regular shares | 190,147,262 |
| All Other Shares & Deposits | 247,168,309 |
| TOTAL SHARES & DEPOSITS | 606,306,950 |
| TOTAL LIABILITIES | 704,880,002 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 101,336,572 |
| TOTAL EQUITY | 101,336,572 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 806,216,574 |
| INCOME & EXPENSE | |
| Loan Income | 16,397,186 |
| Investment Income | 6,321,125 |
| Other Income | 1,543,416 |
| Total Employee Compensation & Benefits | 8,976,275 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 7,003,964 |
| Non-operating Income & (Expense) | 1,855 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 834,726 |
| Cost of Funds | 5,542,808 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 6,992,797 |
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