SOLANO FIRST FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.solanofirst.com for more information.
Dec, 31, 2023 — SOLANO FIRST FEDERAL CREDIT UNION is a federal credit union headquartered in Fairfield, CA with 3 branch locations and about $186.12 million in total assets. Opened 68 years ago in 1956, SOLANO FIRST FEDERAL CREDIT UNION has about 9,540 members and employs 32 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SOLANO FIRST FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | P.O.Box 5040 Fairfield, CA 94533 |
| Phone: | (707) 422-1342 |
| Fax: | (707) 422-1867 |
| Website: | https://www.solanofirst.com |
| Branches: | 3 branch locations |
| Members: | 9,540 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10790 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Mar 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $186,124,547 |
| CEO/Manager: | Michael Warrell |
| Chairperson: | Dawn Shepherd |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 58,872,092 |
| TOTAL INVESTMENTS | 47,184,663 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 30,536,115 |
| Unsecured Loans | 4,999,980 |
| Other Loans | 33,621,197 |
| TOTAL LOANS | 69,157,292 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,392,481 |
| Land And Building | 2,735,837 |
| Other Fixed Assets | 69,302 |
| NCUSIF Deposit | 1,584,396 |
| All Other Assets | 7,913,446 |
| TOTAL ASSETS | 186,124,547 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,619,257 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 44,162,943 |
| Regular shares | 101,102,368 |
| All Other Shares & Deposits | 31,672,627 |
| TOTAL SHARES & DEPOSITS | 176,937,938 |
| TOTAL LIABILITIES | 179,557,195 |
| Regular Reserve | 3,200,434 |
| Other Reserves | 108,300 |
| Undivided Earnings | 3,258,618 |
| TOTAL EQUITY | 6,567,352 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 186,124,547 |
| INCOME & EXPENSE | |
| Loan Income | 1,486,114 |
| Investment Income | 280,850 |
| Other Income | 325,388 |
| Total Employee Compensation & Benefits | 1,238,980 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,091,571 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -307,369 |
| Cost of Funds | 13,864 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -1,700,768 |
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