Dec, 31, 2023 — PREMIER ONE CREDIT UNION is a federally insured state chartered credit union headquartered in SAN JOSE, CA with 6 branch locations and about $620.04 million in total assets. Opened 56 years ago in 1968, PREMIER ONE CREDIT UNION has about 28,059 members and employs 95 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | PREMIER ONE CREDIT UNION |
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Address: (Main Office) | 6640 Via Del Oro SAN JOSE, CA 95119 |
Phone: | (855) 500-7128 |
Fax: | (408) 224-2890 |
Website: | https://premieronecu.org |
Branches: | 6 branch locations |
Members: | 28,059 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68540 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1968 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $620,040,395 |
CEO/Manager: | ANDREA BREWER |
Chairperson: | SEAMUS MORAN |
ASSETS: | $ Amount |
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Cash & Equivalents | 41,026,356 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 310,036,990 |
Unsecured Loans | 44,535,573 |
Other Loans | 89,338,022 |
TOTAL LOANS | 443,910,585 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,209,755 |
Land And Building | 12,737,827 |
Other Fixed Assets | 2,823,603 |
NCUSIF Deposit | 4,886,038 |
All Other Assets | 298,760 |
TOTAL ASSETS | 620,040,395 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 45,000,000 |
Accounts Payable & Other Liabilities | 7,913,275 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 132,928,187 |
Regular shares | 185,334,631 |
All Other Shares & Deposits | 205,857,165 |
TOTAL SHARES & DEPOSITS | 524,119,983 |
TOTAL LIABILITIES | 577,033,258 |
Regular Reserve | 0 |
Other Reserves | 4,664,477 |
Undivided Earnings | 38,342,660 |
TOTAL EQUITY | 43,007,137 |
TOTAL LIABILITIES, SHARES, & EQUITY | 620,040,395 |
INCOME & EXPENSE | |
Loan Income | 20,426,942 |
Investment Income | 3,206,378 |
Other Income | 1,310,890 |
Total Employee Compensation & Benefits | 10,103,685 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 7,841,225 |
Non-operating Income & (Expense) | 302,900 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,572,384 |
Cost of Funds | 5,042,558 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,161,585 |
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