Dec, 31, 2023 — STANFORD FEDERAL CREDIT UNION is a federal credit union headquartered in PALO ALTO, CA with 6 branch locations and about $4.15 billion in total assets. Opened 65 years ago in 1959, STANFORD FEDERAL CREDIT UNION has about 88,446 members and employs 251 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | STANFORD FEDERAL CREDIT UNION |
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Address: (Main Office) | 1860 Embarcadero Rd PALO ALTO, CA 94303-3335 |
Phone: | (650) 842-6049 |
Fax: | (650) 739-0435 |
Website: | https://www.sfcu.org |
Branches: | 6 branch locations |
Members: | 88,446 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 13392 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1959 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $4,145,381,320 |
CEO/Manager: | Joan Opp |
Chairperson: | Shirley J Everett |
ASSETS: | $ Amount |
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Cash & Equivalents | 453,783,007 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,905,884,634 |
Unsecured Loans | 96,350,778 |
Other Loans | 242,521,462 |
TOTAL LOANS | 3,244,756,874 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -25,321,058 |
Land And Building | 9,854,717 |
Other Fixed Assets | 4,220,748 |
NCUSIF Deposit | 25,914,572 |
All Other Assets | 0 |
TOTAL ASSETS | 4,145,381,320 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 625,000,000 |
Accounts Payable & Other Liabilities | 21,907,789 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 846,969,537 |
Regular shares | 563,955,981 |
All Other Shares & Deposits | 1,690,776,172 |
TOTAL SHARES & DEPOSITS | 3,101,701,690 |
TOTAL LIABILITIES | 3,748,609,479 |
Regular Reserve | 0 |
Other Reserves | -21,618,525 |
Undivided Earnings | 418,390,366 |
TOTAL EQUITY | 396,771,841 |
TOTAL LIABILITIES, SHARES, & EQUITY | 4,145,381,320 |
INCOME & EXPENSE | |
Loan Income | 128,622,331 |
Investment Income | 36,987,168 |
Other Income | 1,229,877 |
Total Employee Compensation & Benefits | 37,511,965 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 22,168,554 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,800,000 |
Cost of Funds | 71,707,998 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 37,872,247 |
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