Dec, 31, 2023 — GOLDEN 1 CREDIT UNION is a federally insured state chartered credit union headquartered in SACRAMENTO, CA with 63 branch locations and about $21.13 billion in total assets. Opened 91 years ago in 1933, GOLDEN 1 CREDIT UNION has more than 1.1 million members and employs 2,052 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GOLDEN 1 CREDIT UNION |
|---|---|
| Address: (Main Office) | 8945 Cal Center Dr SACRAMENTO, CA 95826-3239 |
| Phone: | (916) 732-2900 |
| Fax: | (916) 363-7064 |
| Website: | https://www.golden1.com |
| Branches: | 63 branch locations |
| Members: | 1,115,065 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61650 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1933 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $21,129,803,548 |
| CEO/Manager: | Donna A Bland |
| Chairperson: | Keri Thomas |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,030,771,306 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 2,028,773 |
| Real Estate Loans | 7,497,111,965 |
| Unsecured Loans | 1,105,037,701 |
| Other Loans | 5,312,860,143 |
| TOTAL LOANS | 13,915,009,809 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -148,026,214 |
| Land And Building | 36,694,139 |
| Other Fixed Assets | 30,245,159 |
| NCUSIF Deposit | 158,297,798 |
| All Other Assets | 4,639,474 |
| TOTAL ASSETS | 21,129,803,548 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 21,570,563 |
| Notes & Interest Payable | 2,500,000,000 |
| Accounts Payable & Other Liabilities | 353,683,792 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,940,067,293 |
| Regular shares | 4,122,105,704 |
| All Other Shares & Deposits | 8,652,574,847 |
| TOTAL SHARES & DEPOSITS | 16,714,747,844 |
| TOTAL LIABILITIES | 19,594,235,874 |
| Regular Reserve | 0 |
| Other Reserves | -384,665,940 |
| Undivided Earnings | 1,920,233,614 |
| TOTAL EQUITY | 1,535,567,674 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 21,129,803,548 |
| INCOME & EXPENSE | |
| Loan Income | 608,459,458 |
| Investment Income | 148,559,115 |
| Other Income | 43,603,684 |
| Total Employee Compensation & Benefits | 228,254,300 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 190,051,677 |
| Non-operating Income & (Expense) | 1,303,734 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 86,460,044 |
| Cost of Funds | 253,001,831 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 141,338,808 |
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