Dec, 31, 2023 — CHAFFEY FEDERAL CREDIT UNION is a federal credit union headquartered in UPLAND, CA with 3 branch locations and about $217.66 million in total assets. Opened 60 years ago in 1964, CHAFFEY FEDERAL CREDIT UNION has about 12,069 members and employs 42 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CHAFFEY FEDERAL CREDIT UNION |
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Address: (Main Office) | 1024 W Foothill Blvd UPLAND, CA 91786 |
Phone: | (909) 986-4552 |
Fax: | (909) 949-3878 |
Website: | https://chaffey.com |
Branches: | 3 branch locations |
Members: | 12,069 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 16030 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1964 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $217,664,939 |
CEO/Manager: | Diane Kotlewski |
Chairperson: | Donald Bertucci |
ASSETS: | $ Amount |
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Cash & Equivalents | 14,413,547 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 65,768,482 |
Unsecured Loans | 9,312,090 |
Other Loans | 48,022,938 |
TOTAL LOANS | 123,103,509 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -195,880 |
Land And Building | 2,408,090 |
Other Fixed Assets | 757,236 |
NCUSIF Deposit | 1,886,407 |
All Other Assets | 161,265 |
TOTAL ASSETS | 217,664,939 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 563,758 |
Notes & Interest Payable | 5,000,000 |
Accounts Payable & Other Liabilities | 3,120,583 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 34,789,722 |
Regular shares | 82,612,176 |
All Other Shares & Deposits | 80,512,249 |
TOTAL SHARES & DEPOSITS | 197,914,147 |
TOTAL LIABILITIES | 206,614,874 |
Regular Reserve | 0 |
Other Reserves | -5,757,422 |
Undivided Earnings | 16,807,487 |
TOTAL EQUITY | 11,050,065 |
TOTAL LIABILITIES, SHARES, & EQUITY | 217,664,939 |
INCOME & EXPENSE | |
Loan Income | 5,509,076 |
Investment Income | 1,866,606 |
Other Income | 764,477 |
Total Employee Compensation & Benefits | 3,304,064 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,389,873 |
Non-operating Income & (Expense) | 5,284 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 317,402 |
Cost of Funds | 2,259,383 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 130,907 |
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