Dec, 31, 2023 — CLEARPATH FEDERAL CREDIT UNION is a federal credit union headquartered in BURBANK, CA with 1 branch location and about $151.15 million in total assets. Opened 70 years ago in 1954, CLEARPATH FEDERAL CREDIT UNION has about 11,007 members and employs 35 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CLEARPATH FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 300 E Magnolia Blvd BURBANK, CA 91502 |
| Phone: | (818) 937-5300 |
| Fax: | (818) 937-5329 |
| Website: | https://www.clearpathfcu.org |
| Branches: | 1 branch locations |
| Members: | 11,007 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9556 |
|---|---|
| Membership Type: | Multiple common bond - Primarily finance, insurance, real estate, trade |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Jun 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $151,151,598 |
| CEO/Manager: | Gerardo Guzman |
| Chairperson: | Russell Morgan |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 17,603,556 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 69,573,662 |
| Unsecured Loans | 7,701,006 |
| Other Loans | 29,634,667 |
| TOTAL LOANS | 106,909,336 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -289,111 |
| Land And Building | 0 |
| Other Fixed Assets | 2,322,436 |
| NCUSIF Deposit | 1,330,778 |
| All Other Assets | 398,625 |
| TOTAL ASSETS | 151,151,598 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 36 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,450,924 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 27,200,215 |
| Regular shares | 40,406,148 |
| All Other Shares & Deposits | 67,248,658 |
| TOTAL SHARES & DEPOSITS | 134,855,021 |
| TOTAL LIABILITIES | 137,305,981 |
| Regular Reserve | 0 |
| Other Reserves | -5,386,273 |
| Undivided Earnings | 19,231,890 |
| TOTAL EQUITY | 13,845,617 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 151,151,598 |
| INCOME & EXPENSE | |
| Loan Income | 5,421,452 |
| Investment Income | 1,177,452 |
| Other Income | 980,474 |
| Total Employee Compensation & Benefits | 2,711,703 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,988,585 |
| Non-operating Income & (Expense) | -59,685 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 664,651 |
| Cost of Funds | 1,592,441 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 568,455 |
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