Dec, 31, 2023 — SANTA CLARA COUNTY FEDERAL CREDIT UNION is a federal credit union headquartered in SAN JOSE, CA with 6 branch locations and about $977.24 million in total assets. Opened 74 years ago in 1950, SANTA CLARA COUNTY FEDERAL CREDIT UNION has about 47,327 members and employs 134 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SANTA CLARA COUNTY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2099 Gateway Pl Ste 140 SAN JOSE, CA 95110 |
| Phone: | (408) 282-0700 |
| Fax: | |
| Website: | https://www.sccfcu.org |
| Branches: | 6 branch locations |
| Members: | 47,327 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24299 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $977,236,628 |
| CEO/Manager: | Rebecca Reynolds Lytle |
| Chairperson: | Traci Hess |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 80,830,127 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 346,780,628 |
| Unsecured Loans | 59,572,517 |
| Other Loans | 100,326,817 |
| TOTAL LOANS | 506,679,960 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,788,340 |
| Land And Building | 0 |
| Other Fixed Assets | 4,065,096 |
| NCUSIF Deposit | 8,289,689 |
| All Other Assets | 138,996 |
| TOTAL ASSETS | 977,236,628 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 15,000,000 |
| Accounts Payable & Other Liabilities | 12,584,499 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 200,199,956 |
| Regular shares | 352,823,324 |
| All Other Shares & Deposits | 336,536,903 |
| TOTAL SHARES & DEPOSITS | 889,560,184 |
| TOTAL LIABILITIES | 917,144,683 |
| Regular Reserve | 0 |
| Other Reserves | -29,487,311 |
| Undivided Earnings | 89,579,256 |
| TOTAL EQUITY | 60,091,945 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 977,236,628 |
| INCOME & EXPENSE | |
| Loan Income | 25,016,799 |
| Investment Income | 16,639,289 |
| Other Income | 2,421,563 |
| Total Employee Compensation & Benefits | 19,944,202 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 11,430,505 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,494,817 |
| Cost of Funds | 7,511,323 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 5,675,386 |
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