Dec, 31, 2023 — STRATA FEDERAL CREDIT UNION is a federal credit union headquartered in BAKERSFIELD, CA with 4 branch locations and about $341.28 million in total assets. Opened 75 years ago in 1949, STRATA FEDERAL CREDIT UNION has about 23,721 members and employs 73 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | STRATA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1717 Truxtun Ave BAKERSFIELD, CA 93301-5102 |
| Phone: | (661) 327-9461 |
| Fax: | (661) 327-2646 |
| Website: | https://www.stratacu.org |
| Branches: | 4 branch locations |
| Members: | 23,721 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6032 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1949 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $341,278,417 |
| CEO/Manager: | Brandon Ivie |
| Chairperson: | Virginia Krebs |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 18,753,500 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 93,281,978 |
| Unsecured Loans | 18,317,535 |
| Other Loans | 154,294,148 |
| TOTAL LOANS | 265,893,662 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,121,713 |
| Land And Building | 10,591,082 |
| Other Fixed Assets | 4,531,997 |
| NCUSIF Deposit | 2,939,387 |
| All Other Assets | 209,692 |
| TOTAL ASSETS | 341,278,417 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 297,846 |
| Notes & Interest Payable | 8,000,000 |
| Accounts Payable & Other Liabilities | 6,909,442 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 63,775,869 |
| Regular shares | 141,974,219 |
| All Other Shares & Deposits | 77,072,564 |
| TOTAL SHARES & DEPOSITS | 282,822,652 |
| TOTAL LIABILITIES | 298,029,940 |
| Regular Reserve | 0 |
| Other Reserves | -80,873 |
| Undivided Earnings | 43,329,350 |
| TOTAL EQUITY | 43,248,477 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 341,278,417 |
| INCOME & EXPENSE | |
| Loan Income | 13,740,265 |
| Investment Income | 1,735,840 |
| Other Income | 989,515 |
| Total Employee Compensation & Benefits | 5,428,836 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 6,941,437 |
| Non-operating Income & (Expense) | 32,837 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,148,718 |
| Cost of Funds | 1,902,573 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,137,450 |
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