Dec, 31, 2020 — OLIVE VIEW FEDERAL CREDIT UNION is a federal credit union headquartered in SYLMAR, CA with 1 branch location and about $63.11 million in total assets. Opened 85 years ago in 1936, OLIVE VIEW FEDERAL CREDIT UNION has about 5,788 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | OLIVE VIEW FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | P O BOX 923071 SYLMAR, CA 91392 |
| Phone: | (818) 367-1057 |
| Fax: | (818) 362-3467 |
| Website: | http://www.oliveviewfcu.com |
| Branches: | 1 branch locations |
| Members: | 5,788 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1034 |
|---|---|
| Membership Type: | Multiple common bond - Primarily health care |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Dec 01, 2019 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $63,107,811 |
| CEO/Manager: | Ana Barrios |
| Chairperson: | CARLA NINO |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 16,338,208 |
| TOTAL INVESTMENTS | 20,999,211 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 6,322,563 |
| Other Loans | 19,012,330 |
| TOTAL LOANS | 25,334,893 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -233,278 |
| Land And Building | 0 |
| Other Fixed Assets | 42,953 |
| NCUSIF Deposit | 440,527 |
| All Other Assets | 185,297 |
| TOTAL ASSETS | 63,107,811 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 104,563 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,744,820 |
| Regular shares | 32,386,242 |
| All Other Shares & Deposits | 12,373,617 |
| TOTAL SHARES & DEPOSITS | 51,504,679 |
| TOTAL LIABILITIES | 51,609,242 |
| Regular Reserve | 598,462 |
| Other Reserves | 0 |
| Undivided Earnings | 10,900,107 |
| TOTAL EQUITY | 11,498,569 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 63,107,811 |
| INCOME & EXPENSE | |
| Loan Income | 1,628,580 |
| Investment Income | 430,969 |
| Other Income | 408,803 |
| Total Employee Compensation & Benefits | 618,396 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 751,973 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 150,000 |
| Cost of Funds | 331,860 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 616,123 |
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