Dec, 31, 2023 — CABRILLO CREDIT UNION is a federally insured state chartered credit union headquartered in SAN DIEGO, CA with 3 branch locations and about $397.74 million in total assets. Opened 69 years ago in 1955, CABRILLO CREDIT UNION has about 24,459 members and employs 69 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CABRILLO CREDIT UNION |
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Address: (Main Office) | 3710 Ruffin Rd SAN DIEGO, CA 92123-1812 |
Phone: | (858) 547-7400 |
Fax: | |
Website: | https://www.cabrillocu.com |
Branches: | 3 branch locations |
Members: | 24,459 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68409 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1955 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $397,739,431 |
CEO/Manager: | Kevin Posey |
Chairperson: | Randi Larsson |
ASSETS: | $ Amount |
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Cash & Equivalents | 13,538,410 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 95,205,918 |
Unsecured Loans | 37,703,606 |
Other Loans | 97,395,701 |
TOTAL LOANS | 230,305,225 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,142,750 |
Land And Building | 8,915,164 |
Other Fixed Assets | 3,026,470 |
NCUSIF Deposit | 3,426,536 |
All Other Assets | 16,426 |
TOTAL ASSETS | 397,739,431 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 17,000,000 |
Accounts Payable & Other Liabilities | 7,119,291 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 100,105,412 |
Regular shares | 148,663,721 |
All Other Shares & Deposits | 97,129,084 |
TOTAL SHARES & DEPOSITS | 345,898,217 |
TOTAL LIABILITIES | 370,017,508 |
Regular Reserve | 0 |
Other Reserves | -9,178,669 |
Undivided Earnings | 36,900,592 |
TOTAL EQUITY | 27,721,923 |
TOTAL LIABILITIES, SHARES, & EQUITY | 397,739,431 |
INCOME & EXPENSE | |
Loan Income | 12,560,263 |
Investment Income | 2,774,286 |
Other Income | 1,740,607 |
Total Employee Compensation & Benefits | 7,275,983 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 7,750,121 |
Non-operating Income & (Expense) | 39,788 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 900,435 |
Cost of Funds | 2,320,213 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,503,436 |
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