Mar, 31, 2022 — CALIFORNIA ADVENTIST FEDERAL CREDIT UNION is a federal credit union headquartered in GLENDALE, CA with 1 branch location and about $46.49 million in total assets. Opened 70 years ago in 1952, CALIFORNIA ADVENTIST FEDERAL CREDIT UNION has about 2,360 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: | 2,360 |
| 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: | $46,488,437 |
| CEO/Manager: | Shalini Samagh |
| Chairperson: | Annie E Madigan |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,627,900 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 25,301,145 |
| Unsecured Loans | 989,891 |
| Other Loans | 2,147,566 |
| TOTAL LOANS | 28,608,138 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -59,927 |
| Land And Building | 156,468 |
| Other Fixed Assets | 7,425 |
| NCUSIF Deposit | 388,918 |
| All Other Assets | 0 |
| TOTAL ASSETS | 46,488,437 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 13,768 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -44,509 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,509,842 |
| Regular shares | 22,730,376 |
| All Other Shares & Deposits | 10,832,377 |
| TOTAL SHARES & DEPOSITS | 39,072,595 |
| TOTAL LIABILITIES | 39,041,854 |
| Regular Reserve | 0 |
| Other Reserves | 149,355 |
| Undivided Earnings | 7,297,228 |
| TOTAL EQUITY | 7,446,583 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 46,488,437 |
| INCOME & EXPENSE | |
| Loan Income | 266,906 |
| Investment Income | 38,134 |
| Other Income | 16,239 |
| Total Employee Compensation & Benefits | 119,491 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 103,307 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 12,673 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 101,970 |
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