Dec, 31, 2023 — CREDIT UNION OF SOUTHERN CALIFORNIA (CU SOCAL) is a federally insured state chartered credit union headquartered in ANAHEIM, CA with 23 branch locations and about $2.96 billion in total assets. Opened 70 years ago in 1954, CREDIT UNION OF SOUTHERN CALIFORNIA (CU SOCAL) has about 154,726 members and employs 396 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CREDIT UNION OF SOUTHERN CALIFORNIA |
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Address: (Main Office) | 8101 E Kaiser Blvd ANAHEIM, CA 92808-2243 |
Phone: | (562) 698-8326 |
Fax: | (714) 671-2762 |
Website: | https://www.cusocal.org |
Branches: | 23 branch locations |
Members: | 154,726 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68456 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1954 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $2,958,463,252 |
CEO/Manager: | Dave Gunderson |
Chairperson: | Chris George |
ASSETS: | $ Amount |
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Cash & Equivalents | 332,596,850 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,035,053,889 |
Unsecured Loans | 164,480,954 |
Other Loans | 480,435,929 |
TOTAL LOANS | 1,679,970,772 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -28,852,381 |
Land And Building | 15,743,670 |
Other Fixed Assets | 5,033,324 |
NCUSIF Deposit | 22,932,762 |
All Other Assets | 0 |
TOTAL ASSETS | 2,958,463,252 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 425,000,000 |
Accounts Payable & Other Liabilities | 46,070,615 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 447,925,414 |
Regular shares | 834,767,609 |
All Other Shares & Deposits | 1,045,722,281 |
TOTAL SHARES & DEPOSITS | 2,328,415,304 |
TOTAL LIABILITIES | 2,799,491,297 |
Regular Reserve | 0 |
Other Reserves | -83,895,842 |
Undivided Earnings | 242,867,797 |
TOTAL EQUITY | 158,971,955 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,958,463,252 |
INCOME & EXPENSE | |
Loan Income | 84,185,548 |
Investment Income | 46,863,635 |
Other Income | 14,367,495 |
Total Employee Compensation & Benefits | 44,261,253 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 45,456,216 |
Non-operating Income & (Expense) | 3,319,986 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 11,857,943 |
Cost of Funds | 49,691,884 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 28,213,096 |
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