Dec, 31, 2023 — CALIFORNIA ADVENTIST FEDERAL CREDIT UNION is a federal credit union headquartered in GLENDALE, CA with 1 branch location and about $44.19 million in total assets. Opened 72 years ago in 1952, CALIFORNIA ADVENTIST FEDERAL CREDIT UNION has about 3,280 members and employs 6 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 ADVENTIST FEDERAL CREDIT UNION |
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Address: (Main Office) | 1441 E Chevy Chase Dr GLENDALE, CA 91206 |
Phone: | (818) 246-7241 |
Fax: | (818) 240-5809 |
Website: | https://www.cafcu.net |
Branches: | 1 branch locations |
Members: | 3,280 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24238 |
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Membership Type: | Multiple common bond - Primarily faith based |
Corporate Credit Union: | No |
Year Opened: | 1952 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $44,187,957 |
CEO/Manager: | Shalini Samagh |
Chairperson: | Annie E Madigan |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,325,039 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 25,738,194 |
Unsecured Loans | 1,091,007 |
Other Loans | 2,244,730 |
TOTAL LOANS | 29,216,412 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -55,983 |
Land And Building | 113,185 |
Other Fixed Assets | 12,344 |
NCUSIF Deposit | 374,377 |
All Other Assets | 0 |
TOTAL ASSETS | 44,187,957 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 227,469 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | -51,397 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,212,796 |
Regular shares | 19,938,045 |
All Other Shares & Deposits | 13,916,054 |
TOTAL SHARES & DEPOSITS | 36,066,896 |
TOTAL LIABILITIES | 36,242,968 |
Regular Reserve | 0 |
Other Reserves | 160,800 |
Undivided Earnings | 7,784,189 |
TOTAL EQUITY | 7,944,989 |
TOTAL LIABILITIES, SHARES, & EQUITY | 44,187,957 |
INCOME & EXPENSE | |
Loan Income | 1,171,263 |
Investment Income | 302,533 |
Other Income | 53,740 |
Total Employee Compensation & Benefits | 485,677 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 513,713 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 354,549 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 226,253 |
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