Dec, 31, 2021 — CALIFORNIA ADVENTIST FEDERAL CREDIT UNION is a federal credit union headquartered in GLENDALE, CA with 1 branch location and about $46.61 million in total assets. Opened 70 years ago in 1952, CALIFORNIA ADVENTIST FEDERAL CREDIT UNION has about 2,372 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 |
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Address: (Main Office) | 1441 E Chevy Chase Dr GLENDALE, CA 91206 |
Phone: | (818) 246-7241 |
Fax: | (818) 240-5809 |
Website: | http://www.sdacreditunion.com |
Branches: | 1 branch locations |
Members: | 2,372 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24238 |
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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: | $46,610,870 |
CEO/Manager: | Shalini Samagh |
Chairperson: | Annie E Madigan |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,484,693 |
TOTAL INVESTMENTS | 15,132,127 |
Loans Held for Sale | 0 |
Real Estate Loans | 24,629,197 |
Unsecured Loans | 1,024,886 |
Other Loans | 2,365,280 |
TOTAL LOANS | 28,193,257 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -59,927 |
Land And Building | 162,690 |
Other Fixed Assets | 5,970 |
NCUSIF Deposit | 388,918 |
All Other Assets | 303,142 |
TOTAL ASSETS | 46,610,870 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 38,428 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | -59,732 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 5,340,595 |
Regular shares | 25,314,566 |
All Other Shares & Deposits | 8,240,407 |
TOTAL SHARES & DEPOSITS | 38,895,568 |
TOTAL LIABILITIES | 38,874,264 |
Regular Reserve | 739,199 |
Other Reserves | -197,852 |
Undivided Earnings | 7,195,259 |
TOTAL EQUITY | 7,736,606 |
TOTAL LIABILITIES, SHARES, & EQUITY | 46,610,870 |
INCOME & EXPENSE | |
Loan Income | 1,039,258 |
Investment Income | 163,928 |
Other Income | 45,956 |
Total Employee Compensation & Benefits | 436,066 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 476,800 |
Non-operating Income & (Expense) | 1,365 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 102,899 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 350,313 |
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