Dec, 31, 2022 — STANFORD FEDERAL CREDIT UNION is a federal credit union headquartered in PALO ALTO, CA with 6 branch locations and about $3.94 billion in total assets. Opened 64 years ago in 1959, STANFORD FEDERAL CREDIT UNION has about 84,956 members and employs 223 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | STANFORD FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1860 Embarcadero Rd PALO ALTO, CA 94303-3335 |
| Phone: | (650) 842-6049 |
| Fax: | (650) 739-0435 |
| Website: | https://www.sfcu.org |
| Branches: | 6 branch locations |
| Members: | 84,956 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13392 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $3,940,126,591 |
| CEO/Manager: | Joan Opp |
| Chairperson: | Shirley J Everett |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 270,938,897 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 1,125,000 |
| Real Estate Loans | 2,603,767,391 |
| Unsecured Loans | 73,920,252 |
| Other Loans | 252,883,316 |
| TOTAL LOANS | 2,930,570,959 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -21,657,129 |
| Land And Building | 10,433,537 |
| Other Fixed Assets | 4,297,769 |
| NCUSIF Deposit | 26,038,639 |
| All Other Assets | 0 |
| TOTAL ASSETS | 3,940,126,591 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 565,000,000 |
| Accounts Payable & Other Liabilities | 20,116,601 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 930,743,233 |
| Regular shares | 676,092,818 |
| All Other Shares & Deposits | 1,406,134,247 |
| TOTAL SHARES & DEPOSITS | 3,012,970,298 |
| TOTAL LIABILITIES | 3,598,086,899 |
| Regular Reserve | 0 |
| Other Reserves | -27,457,573 |
| Undivided Earnings | 369,497,265 |
| TOTAL EQUITY | 342,039,692 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,940,126,591 |
| INCOME & EXPENSE | |
| Loan Income | 67,663,177 |
| Investment Income | 11,312,444 |
| Other Income | 1,204,910 |
| Total Employee Compensation & Benefits | 24,963,898 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 15,236,189 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,800,000 |
| Cost of Funds | 16,677,233 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 27,648,117 |
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