Mar, 31, 2021 — CALIFORNIA ADVENTIST FEDERAL CREDIT UNION is a federal credit union headquartered in Glendale, CA with 1 branch location and about $47.25 million in total assets. Opened 69 years ago in 1952, CALIFORNIA ADVENTIST FEDERAL CREDIT UNION has about 1,852 members and employs 7 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: | 1,852 |
| 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: | Apr 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $47,245,539 |
| CEO/Manager: | Shalini Samagh |
| Chairperson: | Annie E Madigan |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,649,850 |
| TOTAL INVESTMENTS | 16,154,254 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 21,917,527 |
| Unsecured Loans | 1,046,715 |
| Other Loans | 1,688,668 |
| TOTAL LOANS | 24,822,392 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -87,741 |
| Land And Building | 103,404 |
| Other Fixed Assets | 25 |
| NCUSIF Deposit | 365,440 |
| All Other Assets | 237,915 |
| TOTAL ASSETS | 47,245,539 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 109,186 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -47,731 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,869,364 |
| Regular shares | 23,486,835 |
| All Other Shares & Deposits | 13,260,521 |
| TOTAL SHARES & DEPOSITS | 39,616,720 |
| TOTAL LIABILITIES | 39,678,175 |
| Regular Reserve | 739,199 |
| Other Reserves | -123,746 |
| Undivided Earnings | 6,951,911 |
| TOTAL EQUITY | 7,567,364 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 47,245,539 |
| INCOME & EXPENSE | |
| Loan Income | 251,817 |
| Investment Income | 256,718 |
| Other Income | 13,398 |
| Total Employee Compensation & Benefits | 92,890 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 103,825 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 32,727 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 324,199 |
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