Dec, 31, 2023 — SILVERADO CREDIT UNION is a federally insured state chartered credit union headquartered in ANGWIN, CA with 3 branch locations and about $56.46 million in total assets. Opened 71 years ago in 1953, SILVERADO CREDIT UNION has about 3,212 members and employs 17 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SILVERADO CREDIT UNION |
|---|---|
| Address: (Main Office) | PO Box 330 ANGWIN, CA 94508-0330 |
| Phone: | (707) 965-2483 |
| Fax: | (707) 965-0142 |
| Website: | https://www.silveradocu.com |
| Branches: | 3 branch locations |
| Members: | 3,212 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68491 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $56,458,591 |
| CEO/Manager: | Marilyn A Van Dolson |
| Chairperson: | Jeff Veness |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,268,369 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 34,002,793 |
| Unsecured Loans | 546,395 |
| Other Loans | 1,894,638 |
| TOTAL LOANS | 36,443,826 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -18,000 |
| Land And Building | 0 |
| Other Fixed Assets | 182,580 |
| NCUSIF Deposit | 466,311 |
| All Other Assets | 0 |
| TOTAL ASSETS | 56,458,591 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,791 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 252,836 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 13,696,333 |
| Regular shares | 29,616,658 |
| All Other Shares & Deposits | 8,002,573 |
| TOTAL SHARES & DEPOSITS | 51,315,564 |
| TOTAL LIABILITIES | 51,572,191 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 4,886,400 |
| TOTAL EQUITY | 4,886,400 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 56,458,591 |
| INCOME & EXPENSE | |
| Loan Income | 1,397,437 |
| Investment Income | 797,759 |
| Other Income | 200,961 |
| Total Employee Compensation & Benefits | 771,076 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 910,983 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 67,106 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 652,096 |
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