Dec, 31, 2023 — CHAFFEY FEDERAL CREDIT UNION is a federal credit union headquartered in UPLAND, CA with 3 branch locations and about $217.66 million in total assets. Opened 60 years ago in 1964, CHAFFEY FEDERAL CREDIT UNION has about 12,069 members and employs 42 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CHAFFEY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1024 W Foothill Blvd UPLAND, CA 91786 |
| Phone: | (909) 986-4552 |
| Fax: | (909) 949-3878 |
| Website: | https://chaffey.com |
| Branches: | 3 branch locations |
| Members: | 12,069 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 16030 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1964 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $217,664,939 |
| CEO/Manager: | Diane Kotlewski |
| Chairperson: | Donald Bertucci |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 14,413,547 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 65,768,482 |
| Unsecured Loans | 9,312,090 |
| Other Loans | 48,022,938 |
| TOTAL LOANS | 123,103,509 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -195,880 |
| Land And Building | 2,408,090 |
| Other Fixed Assets | 757,236 |
| NCUSIF Deposit | 1,886,407 |
| All Other Assets | 161,265 |
| TOTAL ASSETS | 217,664,939 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 563,758 |
| Notes & Interest Payable | 5,000,000 |
| Accounts Payable & Other Liabilities | 3,120,583 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 34,789,722 |
| Regular shares | 82,612,176 |
| All Other Shares & Deposits | 80,512,249 |
| TOTAL SHARES & DEPOSITS | 197,914,147 |
| TOTAL LIABILITIES | 206,614,874 |
| Regular Reserve | 0 |
| Other Reserves | -5,757,422 |
| Undivided Earnings | 16,807,487 |
| TOTAL EQUITY | 11,050,065 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 217,664,939 |
| INCOME & EXPENSE | |
| Loan Income | 5,509,076 |
| Investment Income | 1,866,606 |
| Other Income | 764,477 |
| Total Employee Compensation & Benefits | 3,304,064 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,389,873 |
| Non-operating Income & (Expense) | 5,284 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 317,402 |
| Cost of Funds | 2,259,383 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 130,907 |
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