Dec, 31, 2023 — CHEVRON FEDERAL CREDIT UNION is a federal credit union headquartered in CONCORD, CA with 19 branch locations and about $4.67 billion in total assets. Opened 89 years ago in 1935, CHEVRON FEDERAL CREDIT UNION has about 135,514 members and employs 355 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CHEVRON FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2300 Clayton Rd Ste 700 CONCORD, CA 94520 |
| Phone: | (510) 627-5000 |
| Fax: | |
| Website: | https://www.chevronfcu.org |
| Branches: | 19 branch locations |
| Members: | 135,514 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24326 |
|---|---|
| Membership Type: | Multiple common bond - Primarily petroleum refining |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $4,668,469,788 |
| CEO/Manager: | Jon Berlin |
| Chairperson: | David Andrade |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 315,552,685 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,205,907,597 |
| Unsecured Loans | 74,947,908 |
| Other Loans | 799,124,647 |
| TOTAL LOANS | 4,079,980,152 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -70,987,282 |
| Land And Building | 254,182 |
| Other Fixed Assets | 9,853,178 |
| NCUSIF Deposit | 33,641,036 |
| All Other Assets | 165,952 |
| TOTAL ASSETS | 4,668,469,788 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 36,940,527 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 373,273,443 |
| Regular shares | 316,920,315 |
| All Other Shares & Deposits | 3,335,218,287 |
| TOTAL SHARES & DEPOSITS | 4,025,412,046 |
| TOTAL LIABILITIES | 4,062,352,573 |
| Regular Reserve | 0 |
| Other Reserves | 20,608,464 |
| Undivided Earnings | 585,508,751 |
| TOTAL EQUITY | 606,117,215 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,668,469,788 |
| INCOME & EXPENSE | |
| Loan Income | 152,607,480 |
| Investment Income | 20,473,234 |
| Other Income | 3,891,077 |
| Total Employee Compensation & Benefits | 47,589,377 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 26,918,750 |
| Non-operating Income & (Expense) | 984,473 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,176,181 |
| Cost of Funds | 119,470,118 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -17,369,981 |
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