Dec, 31, 2023 — EDUCATIONAL EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in FRESNO, CA with 22 branch locations and about $4.65 billion in total assets. Opened 90 years ago in 1934, EDUCATIONAL EMPLOYEES CREDIT UNION has about 367,087 members and employs 579 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | EDUCATIONAL EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 2222 W Shaw Ave FRESNO, CA 93711-3419 |
| Phone: | (800) 538-3328 |
| Fax: | (559) 451-0858 |
| Website: | https://www.myeecu.org |
| Branches: | 22 branch locations |
| Members: | 367,087 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60520 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $4,647,760,923 |
| CEO/Manager: | Elizabeth Dooley |
| Chairperson: | Walter A Franzell |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 345,120,040 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 674,751,375 |
| Unsecured Loans | 364,202,313 |
| Other Loans | 1,079,232,532 |
| TOTAL LOANS | 2,118,186,220 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -25,614,482 |
| Land And Building | 21,099,918 |
| Other Fixed Assets | 4,134,395 |
| NCUSIF Deposit | 40,148,641 |
| All Other Assets | 157,079 |
| TOTAL ASSETS | 4,647,760,923 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 100,000,000 |
| Accounts Payable & Other Liabilities | 53,007,379 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 944,267,129 |
| Regular shares | 2,128,286,496 |
| All Other Shares & Deposits | 989,257,640 |
| TOTAL SHARES & DEPOSITS | 4,061,811,265 |
| TOTAL LIABILITIES | 4,214,818,644 |
| Regular Reserve | 0 |
| Other Reserves | -148,293,044 |
| Undivided Earnings | 581,235,323 |
| TOTAL EQUITY | 432,942,279 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,647,760,923 |
| INCOME & EXPENSE | |
| Loan Income | 86,686,646 |
| Investment Income | 50,512,529 |
| Other Income | 20,332,971 |
| Total Employee Compensation & Benefits | 47,859,323 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 61,111,090 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,759,726 |
| Cost of Funds | 23,586,087 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 64,115,714 |
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