Dec, 31, 2023 — OLIVE VIEW FEDERAL CREDIT UNION is a federal credit union headquartered in SYLMAR, CA with 1 branch location and about $63.96 million in total assets. Opened 88 years ago in 1936, OLIVE VIEW FEDERAL CREDIT UNION has about 5,833 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | OLIVE VIEW FEDERAL CREDIT UNION |
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Address: (Main Office) | 14445 Olive View Dr Bldg O-1 SYLMAR, CA 91342-1437 |
Phone: | (818) 367-1057 |
Fax: | (818) 362-3467 |
Website: | https://www.oliveviewfcu.com |
Branches: | 1 branch locations |
Members: | 5,833 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 1034 |
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Membership Type: | Multiple common bond - Primarily health care |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Jul 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $63,957,843 |
CEO/Manager: | ANA BARRIOS |
Chairperson: | ANNE KOREISZ |
ASSETS: | $ Amount |
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Cash & Equivalents | 6,795,356 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 7,445,812 |
Other Loans | 29,784,695 |
TOTAL LOANS | 37,230,507 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -133,332 |
Land And Building | 0 |
Other Fixed Assets | 1,851 |
NCUSIF Deposit | 511,018 |
All Other Assets | 46,588 |
TOTAL ASSETS | 63,957,843 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 445,263 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 7,150,337 |
Regular shares | 32,289,913 |
All Other Shares & Deposits | 10,223,548 |
TOTAL SHARES & DEPOSITS | 49,663,798 |
TOTAL LIABILITIES | 50,109,061 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 13,848,782 |
TOTAL EQUITY | 13,848,782 |
TOTAL LIABILITIES, SHARES, & EQUITY | 63,957,843 |
INCOME & EXPENSE | |
Loan Income | 2,057,913 |
Investment Income | 813,516 |
Other Income | 189,853 |
Total Employee Compensation & Benefits | 700,179 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 898,913 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 132,500 |
Cost of Funds | 869,014 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 702,615 |
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