Dec, 31, 2020 — SONOMA FEDERAL CREDIT UNION is a federal credit union headquartered in SANTA ROSA, CA with 1 branch location and about $40.20 million in total assets. Opened 60 years ago in 1961, SONOMA FEDERAL CREDIT UNION has about 1,718 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SONOMA FEDERAL CREDIT UNION |
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Address: (Main Office) | 1194 MONTGOMERY DR SANTA ROSA, CA 95405-4802 |
Phone: | (707) 527-6216 |
Fax: | (707) 527-6835 |
Website: | http://www.sonomafed.com |
Branches: | 1 branch locations |
Members: | 1,718 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14415 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1961 |
Last Audited: | Dec 01, 2019 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $40,204,661 |
CEO/Manager: | Renee Rayhill |
Chairperson: | Kimberly Butler |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,188,672 |
TOTAL INVESTMENTS | 3,990,000 |
Loans Held for Sale | 0 |
Real Estate Loans | 11,772,173 |
Unsecured Loans | 26,851 |
Other Loans | 20,346,667 |
TOTAL LOANS | 32,145,691 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -109,749 |
Land And Building | 0 |
Other Fixed Assets | 61,278 |
NCUSIF Deposit | 283,690 |
All Other Assets | 1,645,079 |
TOTAL ASSETS | 40,204,661 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 230,244 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 6,208,766 |
Regular shares | 11,485,178 |
All Other Shares & Deposits | 17,617,230 |
TOTAL SHARES & DEPOSITS | 35,311,174 |
TOTAL LIABILITIES | 35,541,418 |
Regular Reserve | 558,004 |
Other Reserves | 0 |
Undivided Earnings | 4,105,239 |
TOTAL EQUITY | 4,663,243 |
TOTAL LIABILITIES, SHARES, & EQUITY | 40,204,661 |
INCOME & EXPENSE | |
Loan Income | 1,422,642 |
Investment Income | 39,336 |
Other Income | 375,237 |
Total Employee Compensation & Benefits | 558,305 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 344,346 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -7,460 |
Cost of Funds | 322,161 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 619,863 |
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