Dec, 31, 2023 — CALTECH EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in LA CANADA, CA with 4 branch locations and about $1.95 billion in total assets. Opened 74 years ago in 1950, CALTECH EMPLOYEES FEDERAL CREDIT UNION has about 34,468 members and employs 75 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CALTECH EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 528 Foothill Blvd LA CANADA, CA 91011 |
| Phone: | (818) 952-4444 |
| Fax: | (818) 952-4384 |
| Website: | https://www.cefcu.org |
| Branches: | 4 branch locations |
| Members: | 34,468 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6681 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,949,971,579 |
| CEO/Manager: | Richard L Harris |
| Chairperson: | John E Patterson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 140,583,492 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 505,533,050 |
| Unsecured Loans | 17,495,716 |
| Other Loans | 67,096,067 |
| TOTAL LOANS | 590,124,833 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,053,510 |
| Land And Building | 9,142,511 |
| Other Fixed Assets | 1,194,566 |
| NCUSIF Deposit | 15,071,995 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,949,971,579 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 200,000,000 |
| Accounts Payable & Other Liabilities | 8,844,949 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 1,618,995,248 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 1,618,995,249 |
| TOTAL LIABILITIES | 1,827,840,198 |
| Regular Reserve | 0 |
| Other Reserves | -84,469,843 |
| Undivided Earnings | 206,601,224 |
| TOTAL EQUITY | 122,131,381 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,949,971,579 |
| INCOME & EXPENSE | |
| Loan Income | 23,798,290 |
| Investment Income | 47,594,100 |
| Other Income | 1,075,392 |
| Total Employee Compensation & Benefits | 11,206,304 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 6,441,792 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -1,000,000 |
| Cost of Funds | 54,990,475 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,274,482 |
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