Dec, 31, 2023 — MYPOINT CREDIT UNION is a federally insured state chartered credit union headquartered in SAN DIEGO, CA with 7 branch locations and about $657.68 million in total assets. Opened 76 years ago in 1948, MYPOINT CREDIT UNION has about 27,903 members and employs 124 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MYPOINT CREDIT UNION |
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Address: (Main Office) | 9420 Farnham St SAN DIEGO, CA 92123 |
Phone: | (888) 495-3400 |
Fax: | (858) 495-3416 |
Website: | https://www.mypointcu.com |
Branches: | 7 branch locations |
Members: | 27,903 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68377 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1948 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $657,682,402 |
CEO/Manager: | David R Brooke |
Chairperson: | Jeffrey M Goecke |
ASSETS: | $ Amount |
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Cash & Equivalents | 30,672,081 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 382,050,053 |
Unsecured Loans | 31,572,775 |
Other Loans | 62,250,158 |
TOTAL LOANS | 475,960,024 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,682,813 |
Land And Building | 3,753,637 |
Other Fixed Assets | 2,973,786 |
NCUSIF Deposit | 5,554,688 |
All Other Assets | 50,103 |
TOTAL ASSETS | 657,682,402 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 8,987 |
Notes & Interest Payable | 10,000,000 |
Accounts Payable & Other Liabilities | 15,100,317 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 170,558,486 |
Regular shares | 149,832,986 |
All Other Shares & Deposits | 256,404,181 |
TOTAL SHARES & DEPOSITS | 576,795,653 |
TOTAL LIABILITIES | 601,978,539 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 55,703,863 |
TOTAL EQUITY | 55,703,863 |
TOTAL LIABILITIES, SHARES, & EQUITY | 657,682,402 |
INCOME & EXPENSE | |
Loan Income | 19,494,173 |
Investment Income | 4,142,875 |
Other Income | 3,282,809 |
Total Employee Compensation & Benefits | 12,842,821 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 9,129,949 |
Non-operating Income & (Expense) | 89,393 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 315,960 |
Cost of Funds | 4,401,891 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,794,520 |
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