Dec, 31, 2023 — SIERRA CENTRAL CREDIT UNION is a federally insured state chartered credit union headquartered in YUBA CITY, CA with 21 branch locations and about $1.47 billion in total assets. Opened 69 years ago in 1955, SIERRA CENTRAL CREDIT UNION has about 79,367 members and employs 224 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SIERRA CENTRAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1351 Harter Pkwy YUBA CITY, CA 95993-2604 |
| Phone: | (800) 222-7228 |
| Fax: | (530) 671-7679 |
| Website: | https://www.sierracentral.com |
| Branches: | 21 branch locations |
| Members: | 79,367 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68053 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,469,289,528 |
| CEO/Manager: | Ron Sweeney |
| Chairperson: | Tib Belza |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 54,225,184 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 279,428,294 |
| Unsecured Loans | 70,771,852 |
| Other Loans | 687,510,914 |
| TOTAL LOANS | 1,037,711,060 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -16,210,179 |
| Land And Building | 34,721,762 |
| Other Fixed Assets | 5,579,422 |
| NCUSIF Deposit | 12,562,078 |
| All Other Assets | 801,420 |
| TOTAL ASSETS | 1,469,289,528 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 20,000,000 |
| Accounts Payable & Other Liabilities | 13,974,317 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 224,614,697 |
| Regular shares | 368,188,568 |
| All Other Shares & Deposits | 704,821,094 |
| TOTAL SHARES & DEPOSITS | 1,297,624,359 |
| TOTAL LIABILITIES | 1,331,608,613 |
| Regular Reserve | 0 |
| Other Reserves | 16,670,495 |
| Undivided Earnings | 121,010,420 |
| TOTAL EQUITY | 137,680,915 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,469,289,528 |
| INCOME & EXPENSE | |
| Loan Income | 45,391,562 |
| Investment Income | 8,710,886 |
| Other Income | 10,379,440 |
| Total Employee Compensation & Benefits | 18,988,254 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 21,924,024 |
| Non-operating Income & (Expense) | 209,683 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,361,861 |
| Cost of Funds | 18,882,528 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 205,879 |
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