Dec, 31, 2023 — SONOMA FEDERAL CREDIT UNION is a federal credit union headquartered in SANTA ROSA, CA with 1 branch location and about $63.76 million in total assets. Opened 63 years ago in 1961, SONOMA FEDERAL CREDIT UNION has about 1,745 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SONOMA FEDERAL CREDIT UNION |
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Address: (Main Office) | 1194 Montgomery Dr SANTA ROSA, CA 95405-4802 |
Phone: | (707) 527-6216 |
Fax: | (707) 527-6835 |
Website: | https://www.sonomafed.com |
Branches: | 1 branch locations |
Members: | 1,745 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14415 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1961 |
Last Audited: | May 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $63,762,569 |
CEO/Manager: | Renee Rayhill |
Chairperson: | Kimberly Butler |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,650,669 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 14,843,755 |
Unsecured Loans | 17,015 |
Other Loans | 29,317,090 |
TOTAL LOANS | 44,177,860 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -104,358 |
Land And Building | 3,068,304 |
Other Fixed Assets | 67,851 |
NCUSIF Deposit | 472,100 |
All Other Assets | 0 |
TOTAL ASSETS | 63,762,569 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | -311 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 6,259,424 |
Regular shares | 6,376,893 |
All Other Shares & Deposits | 43,265,944 |
TOTAL SHARES & DEPOSITS | 55,902,261 |
TOTAL LIABILITIES | 55,901,950 |
Regular Reserve | 0 |
Other Reserves | 558,004 |
Undivided Earnings | 7,302,615 |
TOTAL EQUITY | 7,860,619 |
TOTAL LIABILITIES, SHARES, & EQUITY | 63,762,569 |
INCOME & EXPENSE | |
Loan Income | 2,837,695 |
Investment Income | 460,660 |
Other Income | 688,624 |
Total Employee Compensation & Benefits | 922,149 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 515,747 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -8,596 |
Cost of Funds | 1,375,851 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,181,828 |
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