Dec, 31, 2023 — CALIFORNIA LITHUANIAN CREDIT UNION is a federally insured state chartered credit union headquartered in SANTA MONICA, CA with 1 branch location and about $140.95 million in total assets. Opened 55 years ago in 1969, CALIFORNIA LITHUANIAN CREDIT UNION has about 1,843 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CALIFORNIA LITHUANIAN CREDIT UNION |
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Address: (Main Office) | 2806 Santa Monica Blvd SANTA MONICA, CA 90404-2410 |
Phone: | (310) 828-7095 |
Fax: | (310) 828-0891 |
Website: | https://www.clcu.org |
Branches: | 1 branch locations |
Members: | 1,843 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 64834 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1969 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $140,951,384 |
CEO/Manager: | Gregory J Brown |
Chairperson: | Marius Markevicius |
ASSETS: | $ Amount |
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Cash & Equivalents | 23,157,302 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 93,001,570 |
Unsecured Loans | 31,623 |
Other Loans | 685,034 |
TOTAL LOANS | 93,718,226 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -600,196 |
Land And Building | 0 |
Other Fixed Assets | 956 |
NCUSIF Deposit | 911,688 |
All Other Assets | 0 |
TOTAL ASSETS | 140,951,384 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1,203,782 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 125,574 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,462,367 |
Regular shares | 45,454,467 |
All Other Shares & Deposits | 62,558,299 |
TOTAL SHARES & DEPOSITS | 111,475,131 |
TOTAL LIABILITIES | 112,804,487 |
Regular Reserve | 0 |
Other Reserves | 770,864 |
Undivided Earnings | 27,376,033 |
TOTAL EQUITY | 28,146,897 |
TOTAL LIABILITIES, SHARES, & EQUITY | 140,951,384 |
INCOME & EXPENSE | |
Loan Income | 3,987,003 |
Investment Income | 1,827,647 |
Other Income | 29,635 |
Total Employee Compensation & Benefits | 748,275 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 397,865 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 3,116,448 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,588,420 |
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