Jun, 30, 2024 — CALIFORNIA ADVENTIST FEDERAL CREDIT UNION is a federal credit union headquartered in GLENDALE, CA with 1 branch location and about $46.07 million in total assets. Opened 72 years ago in 1952, CALIFORNIA ADVENTIST FEDERAL CREDIT UNION has about 1,729 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CALIFORNIA ADVENTIST FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1441 E Chevy Chase Dr GLENDALE, CA 91206 |
| Phone: | (818) 246-7241 |
| Fax: | (818) 240-5809 |
| Website: | https://www.sdacreditunion.com |
| Branches: | 1 branch locations |
| Members: | 1,729 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24238 |
|---|---|
| Membership Type: | Multiple common bond - Primarily faith based |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Jun 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $46,065,704 |
| CEO/Manager: | Shalini Samagh |
| Chairperson: | Annie E Madigan |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,112,374 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 26,703,494 |
| Unsecured Loans | 958,735 |
| Other Loans | 2,315,067 |
| TOTAL LOANS | 30,136,635 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -60,937 |
| Land And Building | 144,024 |
| Other Fixed Assets | 12,521 |
| NCUSIF Deposit | 386,226 |
| All Other Assets | 0 |
| TOTAL ASSETS | 46,065,704 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 20,543 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -51,458 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,610,029 |
| Regular shares | 25,997,004 |
| All Other Shares & Deposits | 10,281,436 |
| TOTAL SHARES & DEPOSITS | 38,888,469 |
| TOTAL LIABILITIES | 38,857,554 |
| Regular Reserve | 0 |
| Other Reserves | -283,737 |
| Undivided Earnings | 7,491,887 |
| TOTAL EQUITY | 7,208,150 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 46,065,704 |
| INCOME & EXPENSE | |
| Loan Income | 837,652 |
| Investment Income | 128,992 |
| Other Income | 39,948 |
| Total Employee Compensation & Benefits | 357,928 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 362,542 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 41,569 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 296,628 |
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