Dec, 31, 2023 — PREMIER AMERICA CREDIT UNION is a federally insured state chartered credit union headquartered in CHATSWORTH, CA with 22 branch locations and about $3.47 billion in total assets. Opened 67 years ago in 1957, PREMIER AMERICA CREDIT UNION has about 110,927 members and employs 428 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 AMERICA CREDIT UNION |
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Address: (Main Office) | 19867 Prairie St CHATSWORTH, CA 91311-6532 |
Phone: | (800) 772-4000 |
Fax: | (818) 772-4101 |
Website: | https://www.premieramerica.com |
Branches: | 22 branch locations |
Members: | 110,927 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68428 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1957 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $3,473,581,690 |
CEO/Manager: | Rudy J Pereira |
Chairperson: | Gary L Holmen |
ASSETS: | $ Amount |
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Cash & Equivalents | 118,386,542 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,518,397,508 |
Unsecured Loans | 62,325,230 |
Other Loans | 377,908,733 |
TOTAL LOANS | 2,958,631,471 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -26,955,738 |
Land And Building | 9,208,695 |
Other Fixed Assets | 9,101,444 |
NCUSIF Deposit | 28,566,348 |
All Other Assets | 2,806,319 |
TOTAL ASSETS | 3,473,581,690 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 280,000,000 |
Accounts Payable & Other Liabilities | 24,127,730 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 420,868,892 |
Regular shares | 543,181,025 |
All Other Shares & Deposits | 1,895,432,114 |
TOTAL SHARES & DEPOSITS | 2,859,482,032 |
TOTAL LIABILITIES | 3,163,609,762 |
Regular Reserve | 0 |
Other Reserves | 37,257,016 |
Undivided Earnings | 272,714,912 |
TOTAL EQUITY | 309,971,928 |
TOTAL LIABILITIES, SHARES, & EQUITY | 3,473,581,690 |
INCOME & EXPENSE | |
Loan Income | 130,466,355 |
Investment Income | 13,234,873 |
Other Income | 4,195,397 |
Total Employee Compensation & Benefits | 46,947,267 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 34,867,153 |
Non-operating Income & (Expense) | -206,587 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,340,000 |
Cost of Funds | 63,106,357 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 7,971,209 |
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