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SOUTH SAN FRANCISCO CITY EMPLOYEES FEDERAL CREDIT UNION

Dec, 31, 2020 — SOUTH SAN FRANCISCO CITY EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in SOUTH SAN FRANCISCO, CA with 1 branch location and about $3.47 million in total assets. Opened 62 years ago in 1959, SOUTH SAN FRANCISCO CITY EMPLOYEES FEDERAL CREDIT UNION has about 424 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:SOUTH SAN FRANCISCO CITY EMPLOYEES FEDERAL CREDIT UNION
Address:
(Main Office)
P.O. BOX 5641
SOUTH SAN FRANCISCO, CA 94083-5641
Phone:(650) 829-3812
Fax:(650) 654-5818
Website:n/a
Branches:1 branch locations
Members:424
Credit Union Type:Federal Credit Union
Charter Number:13124
Membership Type:Federal, State, Local Government
Corporate Credit Union:No
Year Opened:1959
Last Audited:Oct 01, 2018
FHLB Member:No
Low Income Designation:No
Assets:$3,468,397
CEO/Manager:Sandi Trembley
Chairperson:David Casagrande

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 794,415
TOTAL INVESTMENTS 1,898,999
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 56,155
 Other Loans 685,523
 TOTAL LOANS 741,678
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -3,444
 Land And Building 0
 Other Fixed Assets 8,378
 NCUSIF Deposit 26,635
 All Other Assets 1,736
  TOTAL ASSETS 3,468,397
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 3,801
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 3,131,529
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 3,131,529
  TOTAL LIABILITIES 3,135,330
 Regular Reserve 91,661
 Other Reserves 0
 Undivided Earnings 241,406
  TOTAL EQUITY 333,067
  TOTAL LIABILITIES, SHARES, & EQUITY 3,468,397
INCOME & EXPENSE  
 Loan Income 24,315
 Investment Income 11,180
 Other Income 8
 Total Employee Compensation & Benefits 43,532
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 36,670
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -1,153
 Cost of Funds 3,034
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -46,580
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