Dec, 31, 2023 — COMPASS COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in EUREKA, CA with 2 branch locations and about $173.06 million in total assets. Opened 73 years ago in 1951, COMPASS COMMUNITY CREDIT UNION has about 6,242 members and employs 24 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | COMPASS COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 321 Wabash Ave EUREKA, CA 95501 |
| Phone: | (707) 443-8662 |
| Fax: | (707) 443-8664 |
| Website: | https://www.compassccu.org |
| Branches: | 2 branch locations |
| Members: | 6,242 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61933 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1951 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $173,064,752 |
| CEO/Manager: | Ray F Litchfield |
| Chairperson: | DAX WILLIAMSON |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 11,107,618 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 98,018,005 |
| Unsecured Loans | 1,441,901 |
| Other Loans | 13,684,618 |
| TOTAL LOANS | 113,144,523 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -220,745 |
| Land And Building | 3,865,440 |
| Other Fixed Assets | 395,951 |
| NCUSIF Deposit | 1,431,314 |
| All Other Assets | 0 |
| TOTAL ASSETS | 173,064,752 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 559,439 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 24,392,199 |
| Regular shares | 77,815,524 |
| All Other Shares & Deposits | 51,434,375 |
| TOTAL SHARES & DEPOSITS | 153,642,099 |
| TOTAL LIABILITIES | 154,202,565 |
| Regular Reserve | 0 |
| Other Reserves | -1,547,439 |
| Undivided Earnings | 20,409,626 |
| TOTAL EQUITY | 18,862,187 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 173,064,752 |
| INCOME & EXPENSE | |
| Loan Income | 4,898,962 |
| Investment Income | 921,048 |
| Other Income | 192,075 |
| Total Employee Compensation & Benefits | 2,719,500 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,656,168 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -17,364 |
| Cost of Funds | 2,045,985 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -166,394 |
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