Dec, 31, 2023 — SAN FRANCISCO FEDERAL CREDIT UNION is a federal credit union headquartered in SAN FRANCISCO, CA with 7 branch locations and about $1.49 billion in total assets. Opened 70 years ago in 1954, SAN FRANCISCO FEDERAL CREDIT UNION has about 49,780 members and employs 68 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SAN FRANCISCO FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 770 Golden Gate Ave SAN FRANCISCO, CA 94102-3120 |
| Phone: | (415) 775-5377 |
| Fax: | (415) 775-0715 |
| Website: | https://www.sanfranciscofcu.com |
| Branches: | 7 branch locations |
| Members: | 49,780 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24542 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Sep 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,485,939,239 |
| CEO/Manager: | Jonathan Oliver |
| Chairperson: | Luenna Kim |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 88,728,108 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 328,596,297 |
| Unsecured Loans | 51,506,752 |
| Other Loans | 67,186,604 |
| TOTAL LOANS | 447,289,653 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -24,822,180 |
| Land And Building | 2,935,380 |
| Other Fixed Assets | 612,887 |
| NCUSIF Deposit | 10,074,691 |
| All Other Assets | 62,275 |
| TOTAL ASSETS | 1,485,939,239 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 6,046,570 |
| Notes & Interest Payable | 300,000,000 |
| Accounts Payable & Other Liabilities | 3,721,155 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 218,941,369 |
| Regular shares | 302,597,183 |
| All Other Shares & Deposits | 536,915,851 |
| TOTAL SHARES & DEPOSITS | 1,058,454,403 |
| TOTAL LIABILITIES | 1,368,222,128 |
| Regular Reserve | 0 |
| Other Reserves | 19,038,880 |
| Undivided Earnings | 98,678,231 |
| TOTAL EQUITY | 117,717,111 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,485,939,239 |
| INCOME & EXPENSE | |
| Loan Income | 22,301,760 |
| Investment Income | 36,292,842 |
| Other Income | 1,876,172 |
| Total Employee Compensation & Benefits | 10,642,141 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 14,304,969 |
| Non-operating Income & (Expense) | 643,750 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,484,088 |
| Cost of Funds | 12,684,833 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 26,386,795 |
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