Dec, 31, 2023 — UNITED LOCAL CREDIT UNION is a federally insured state chartered credit union headquartered in FRESNO, CA with 2 branch locations and about $123.68 million in total assets. Opened 71 years ago in 1953, UNITED LOCAL CREDIT UNION has about 8,579 members and employs 24 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | UNITED LOCAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3650 E Ashlan Ave FRESNO, CA 93726 |
| Phone: | (559) 227-8329 |
| Fax: | (559) 227-1824 |
| Website: | https://www.unitedlocal.org |
| Branches: | 2 branch locations |
| Members: | 8,579 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60408 |
|---|---|
| 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: | $123,676,379 |
| CEO/Manager: | Angelina Maldonado |
| Chairperson: | Jim Hazzelrigg |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,712,272 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 9,138,936 |
| Unsecured Loans | 2,350,394 |
| Other Loans | 67,938,772 |
| TOTAL LOANS | 79,428,102 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,020,187 |
| Land And Building | 0 |
| Other Fixed Assets | 496,815 |
| NCUSIF Deposit | 971,792 |
| All Other Assets | 81,724 |
| TOTAL ASSETS | 123,676,379 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 5 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 450,418 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 23,133,532 |
| Regular shares | 51,784,608 |
| All Other Shares & Deposits | 26,618,817 |
| TOTAL SHARES & DEPOSITS | 101,536,958 |
| TOTAL LIABILITIES | 101,987,381 |
| Regular Reserve | 0 |
| Other Reserves | -628,790 |
| Undivided Earnings | 22,317,788 |
| TOTAL EQUITY | 21,688,998 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 123,676,379 |
| INCOME & EXPENSE | |
| Loan Income | 4,411,866 |
| Investment Income | 871,742 |
| Other Income | 510,742 |
| Total Employee Compensation & Benefits | 2,150,283 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,299,905 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 283,245 |
| Cost of Funds | 418,747 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,270,914 |
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