Dec, 31, 2023 — UNIVERSITY & STATE EMPLOYEES CREDIT UNION (USECU) is a federally insured state chartered credit union headquartered in SAN DIEGO, CA with 6 branch locations and about $1.47 billion in total assets. Opened 88 years ago in 1936, UNIVERSITY & STATE EMPLOYEES CREDIT UNION (USECU) has about 57,458 members and employs 121 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | UNIVERSITY & STATE EMPLOYEES CREDIT UNION |
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Address: (Main Office) | 10120 Pacific Heights Blvd Ste 100 SAN DIEGO, CA 92121-4205 |
Phone: | (858) 795-6000 |
Fax: | (858) 554-1291 |
Website: | https://www.blupeak.com |
Branches: | 6 branch locations |
Members: | 57,458 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 60801 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,474,234,153 |
CEO/Manager: | Todd Tharp |
Chairperson: | Joshua V Lawrence |
ASSETS: | $ Amount |
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Cash & Equivalents | 315,326,344 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 628,914,679 |
Unsecured Loans | 4,661,409 |
Other Loans | 259,618,449 |
TOTAL LOANS | 893,194,537 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,736,949 |
Land And Building | 22,750,226 |
Other Fixed Assets | 7,174,133 |
NCUSIF Deposit | 10,163,640 |
All Other Assets | 29,266 |
TOTAL ASSETS | 1,474,234,153 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 390,159 |
Notes & Interest Payable | 50,000,000 |
Accounts Payable & Other Liabilities | 18,020,528 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 339,269,965 |
Regular shares | 268,928,635 |
All Other Shares & Deposits | 712,701,603 |
TOTAL SHARES & DEPOSITS | 1,320,900,204 |
TOTAL LIABILITIES | 1,389,375,272 |
Regular Reserve | 0 |
Other Reserves | -25,802,287 |
Undivided Earnings | 110,661,168 |
TOTAL EQUITY | 84,858,881 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,474,234,153 |
INCOME & EXPENSE | |
Loan Income | 40,345,324 |
Investment Income | 15,819,605 |
Other Income | 4,820,550 |
Total Employee Compensation & Benefits | 16,898,110 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 23,748,279 |
Non-operating Income & (Expense) | -33,743 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,011,995 |
Cost of Funds | 17,819,882 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 3,814,109 |
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