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National Credit Union Service Organization

SOUTH SAN FRANCISCO CITY EMP FEDERAL CREDIT UNION

Dec, 31, 2021 — SOUTH SAN FRANCISCO CITY EMP FEDERAL CREDIT UNION is a federal credit union headquartered in SOUTH SAN FRANCISCO, CA with 1 branch location and about $3.67 million in total assets. Opened 63 years ago in 1959, SOUTH SAN FRANCISCO CITY EMP FEDERAL CREDIT UNION has about 408 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:SOUTH SAN FRANCISCO CITY EMP FEDERAL CREDIT UNION
Address:
(Main Office)
33 Arroyo Dr
SOUTH SAN FRANCISCO, CA 94080-3153
Phone:(650) 829-3812
Fax:(650) 654-5818
Website:n/a
Branches:1 branch locations
Members:408
Credit Union Type:Federal Credit Union
Charter Number:13124
Membership Type:Federal, State, Local Government
Corporate Credit Union:No
Year Opened:1959
Last Audited:Jun 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$3,668,060
CEO/Manager:Sandi Trembley
Chairperson:David Casagrande

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,718,199
TOTAL INVESTMENTS 1,398,999
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 50,032
 Other Loans 466,556
 TOTAL LOANS 516,588
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -2,231
 Land And Building 0
 Other Fixed Assets 6,772
 NCUSIF Deposit 28,514
 All Other Assets 1,219
  TOTAL ASSETS 3,668,060
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,541
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 3,405,693
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 3,405,693
  TOTAL LIABILITIES 3,408,234
 Regular Reserve 91,661
 Other Reserves 0
 Undivided Earnings 168,165
  TOTAL EQUITY 259,826
  TOTAL LIABILITIES, SHARES, & EQUITY 3,668,060
INCOME & EXPENSE  
 Loan Income 17,850
 Investment Income 2,514
 Other Income 3
 Total Employee Compensation & Benefits 41,796
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 49,829
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -1,213
 Cost of Funds 3,197
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -73,242
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