Dec, 31, 2023 — PACIFIC SERVICE CREDIT UNION is a federally insured state chartered credit union headquartered in CONCORD, CA with 6 branch locations and about $1.46 billion in total assets. Opened 88 years ago in 1936, PACIFIC SERVICE CREDIT UNION has about 68,662 members and employs 159 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PACIFIC SERVICE CREDIT UNION |
|---|---|
| Address: (Main Office) | 1355 Willow Way CONCORD, CA 94520 |
| Phone: | (888) 858-6878 |
| Fax: | |
| Website: | https://www.pacificservice.org |
| Branches: | 6 branch locations |
| Members: | 68,662 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68413 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,457,847,347 |
| CEO/Manager: | Jenna Lampson |
| Chairperson: | Maria I DeMartini |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 90,265,762 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 558,724,015 |
| Unsecured Loans | 125,388,461 |
| Other Loans | 349,629,370 |
| TOTAL LOANS | 1,033,741,846 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -10,061,155 |
| Land And Building | 30,991,241 |
| Other Fixed Assets | 3,544,063 |
| NCUSIF Deposit | 11,403,105 |
| All Other Assets | 143,000 |
| TOTAL ASSETS | 1,457,847,347 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 139,500,000 |
| Accounts Payable & Other Liabilities | 25,092,742 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 171,836,379 |
| Regular shares | 276,948,067 |
| All Other Shares & Deposits | 683,283,601 |
| TOTAL SHARES & DEPOSITS | 1,132,068,048 |
| TOTAL LIABILITIES | 1,296,660,790 |
| Regular Reserve | 0 |
| Other Reserves | -26,921,487 |
| Undivided Earnings | 188,108,044 |
| TOTAL EQUITY | 161,186,557 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,457,847,347 |
| INCOME & EXPENSE | |
| Loan Income | 49,023,942 |
| Investment Income | 6,126,367 |
| Other Income | 2,337,741 |
| Total Employee Compensation & Benefits | 23,082,225 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 19,281,976 |
| Non-operating Income & (Expense) | -4,933 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,099,571 |
| Cost of Funds | 14,746,027 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,232,021 |
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