Mar, 31, 2021 — COUNTY SCHOOLS FEDERAL CREDIT UNION is a federal credit union headquartered in Ventura, CA with 2 branch locations and about $75.17 million in total assets. Opened 61 years ago in 1960, COUNTY SCHOOLS FEDERAL CREDIT UNION has about 5,406 members and employs 18 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | COUNTY SCHOOLS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 4591 Market St Ventura, CA 93003-7710 |
| Phone: | (805) 644-4657 |
| Fax: | (805) 650-7301 |
| Website: | http://csfcu.org |
| Branches: | 2 branch locations |
| Members: | 5,406 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13495 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Mar 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $75,166,705 |
| CEO/Manager: | John Bagents |
| Chairperson: | FRANCINE TORRIGIANI |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,258,390 |
| TOTAL INVESTMENTS | 3,518,161 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 36,925,023 |
| Unsecured Loans | 5,313,569 |
| Other Loans | 13,631,107 |
| TOTAL LOANS | 55,869,699 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -496,108 |
| Land And Building | 4,343,231 |
| Other Fixed Assets | 412,395 |
| NCUSIF Deposit | 584,103 |
| All Other Assets | 2,676,834 |
| TOTAL ASSETS | 75,166,705 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 251,293 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 14,675,747 |
| Regular shares | 32,445,468 |
| All Other Shares & Deposits | 22,360,590 |
| TOTAL SHARES & DEPOSITS | 69,481,805 |
| TOTAL LIABILITIES | 69,733,098 |
| Regular Reserve | 2,485,344 |
| Other Reserves | 5,202 |
| Undivided Earnings | 2,943,061 |
| TOTAL EQUITY | 5,433,607 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 75,166,705 |
| INCOME & EXPENSE | |
| Loan Income | 620,534 |
| Investment Income | 17,405 |
| Other Income | 114,766 |
| Total Employee Compensation & Benefits | 326,329 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 311,812 |
| Non-operating Income & (Expense) | 1,264,962 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 73,913 |
| Cost of Funds | 42,235 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,267,447 |
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