Jun, 30, 2021 — CALIFORNIA ADVENTIST FEDERAL CREDIT UNION is a federal credit union headquartered in Glendale, CA with 1 branch location and about $47.77 million in total assets. Opened 69 years ago in 1952, CALIFORNIA ADVENTIST FEDERAL CREDIT UNION has about 1,853 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: | CALIFORNIA ADVENTIST FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | P.O. Box 1109 Glendale, CA 91209 |
| Phone: | (818) 246-7241 |
| Fax: | (818) 240-5809 |
| Website: | http://www.sdacreditunion.com |
| Branches: | 1 branch locations |
| Members: | 1,853 |
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $47,771,956 |
| CEO/Manager: | Shalini Samagh |
| Chairperson: | Annie E Madigan |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,465,047 |
| TOTAL INVESTMENTS | 16,204,302 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 22,241,619 |
| Unsecured Loans | 1,007,349 |
| Other Loans | 2,034,819 |
| TOTAL LOANS | 25,466,953 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -81,245 |
| Land And Building | 99,716 |
| Other Fixed Assets | 467 |
| NCUSIF Deposit | 388,918 |
| All Other Assets | 227,798 |
| TOTAL ASSETS | 47,771,956 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 118,031 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 38,985 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,811,907 |
| Regular shares | 24,076,597 |
| All Other Shares & Deposits | 12,109,024 |
| TOTAL SHARES & DEPOSITS | 39,997,528 |
| TOTAL LIABILITIES | 40,154,544 |
| Regular Reserve | 739,199 |
| Other Reserves | -73,698 |
| Undivided Earnings | 6,951,911 |
| TOTAL EQUITY | 7,617,412 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 47,771,956 |
| INCOME & EXPENSE | |
| Loan Income | 502,855 |
| Investment Income | 81,692 |
| Other Income | 22,520 |
| Total Employee Compensation & Benefits | 189,944 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 211,773 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 67,960 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 185,106 |
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