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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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