Dec, 31, 2023 — KAIPERM FEDERAL CREDIT UNION is a federal credit union headquartered in WALNUT CREEK, CA with 2 branch locations and about $114.46 million in total assets. Opened 67 years ago in 1957, KAIPERM FEDERAL CREDIT UNION has about 6,870 members and employs 17 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | KAIPERM FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 325 N Wiget Ln Ste 130 WALNUT CREEK, CA 94598-2435 |
| Phone: | (925) 939-5626 |
| Fax: | (925) 939-5628 |
| Website: | https://www.kaipermcu.org |
| Branches: | 2 branch locations |
| Members: | 6,870 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11944 |
|---|---|
| Membership Type: | Service - Health Care |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $114,458,258 |
| CEO/Manager: | Kramer Chan |
| Chairperson: | Darren J Nielson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,482,457 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 32,272,320 |
| Unsecured Loans | 44,913,540 |
| Other Loans | 16,723,023 |
| TOTAL LOANS | 93,908,883 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -188,206 |
| Land And Building | 4,196,632 |
| Other Fixed Assets | 1,973,746 |
| NCUSIF Deposit | 1,074,940 |
| All Other Assets | 0 |
| TOTAL ASSETS | 114,458,258 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 320,681 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 13,478,786 |
| Regular shares | 34,201,002 |
| All Other Shares & Deposits | 56,707,681 |
| TOTAL SHARES & DEPOSITS | 104,387,470 |
| TOTAL LIABILITIES | 104,708,151 |
| Regular Reserve | 0 |
| Other Reserves | 1,561,763 |
| Undivided Earnings | 8,188,344 |
| TOTAL EQUITY | 9,750,107 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 114,458,258 |
| INCOME & EXPENSE | |
| Loan Income | 4,080,892 |
| Investment Income | 589,960 |
| Other Income | 227,393 |
| Total Employee Compensation & Benefits | 1,624,254 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,396,741 |
| Non-operating Income & (Expense) | 56,228 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 91,286 |
| Cost of Funds | 1,756,771 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 152,384 |
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