Mar, 31, 2021 — OLIVE VIEW FEDERAL CREDIT UNION is a federal credit union headquartered in SYLMAR, CA with 1 branch location and about $66.62 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: | Jan 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $66,621,245 |
| CEO/Manager: | Ana Barrios |
| Chairperson: | CARLA NINO |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 21,568,943 |
| TOTAL INVESTMENTS | 19,504,211 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 5,534,740 |
| Other Loans | 19,656,663 |
| TOTAL LOANS | 25,191,403 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -258,874 |
| Land And Building | 0 |
| Other Fixed Assets | 31,847 |
| NCUSIF Deposit | 440,527 |
| All Other Assets | 143,188 |
| TOTAL ASSETS | 66,621,245 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 159,250 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,556,472 |
| Regular shares | 35,487,240 |
| All Other Shares & Deposits | 11,770,723 |
| TOTAL SHARES & DEPOSITS | 54,814,435 |
| TOTAL LIABILITIES | 54,973,685 |
| Regular Reserve | 598,462 |
| Other Reserves | 0 |
| Undivided Earnings | 11,049,098 |
| TOTAL EQUITY | 11,647,560 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 66,621,245 |
| INCOME & EXPENSE | |
| Loan Income | 425,921 |
| Investment Income | 52,151 |
| Other Income | 30,940 |
| Total Employee Compensation & Benefits | 150,463 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 207,752 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 30,000 |
| Cost of Funds | 51,193 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 148,991 |
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