Dec, 31, 2022 — CHEVRON FEDERAL CREDIT UNION is a federal credit union headquartered in CONCORD, CA with 20 branch locations and about $4.91 billion in total assets. Opened 88 years ago in 1935, CHEVRON FEDERAL CREDIT UNION has about 128,877 members and employs 350 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CHEVRON FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2300 Clayton Rd Ste 700 CONCORD, CA 94520 |
| Phone: | (510) 627-5000 |
| Fax: | |
| Website: | https://www.chevronfcu.org |
| Branches: | 20 branch locations |
| Members: | 128,877 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24326 |
|---|---|
| Membership Type: | Multiple common bond - Primarily petroleum refining |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $4,908,555,868 |
| CEO/Manager: | Jon Berlin |
| Chairperson: | David Andrade |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 165,193,525 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,140,214,971 |
| Unsecured Loans | 62,590,309 |
| Other Loans | 755,575,702 |
| TOTAL LOANS | 3,958,380,982 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -21,060,476 |
| Land And Building | 286,303 |
| Other Fixed Assets | 11,486,009 |
| NCUSIF Deposit | 31,150,328 |
| All Other Assets | 150,290 |
| TOTAL ASSETS | 4,908,555,868 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 160,000,000 |
| Accounts Payable & Other Liabilities | 43,349,796 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 431,181,024 |
| Regular shares | 458,340,899 |
| All Other Shares & Deposits | 3,157,463,504 |
| TOTAL SHARES & DEPOSITS | 4,046,985,427 |
| TOTAL LIABILITIES | 4,250,335,223 |
| Regular Reserve | 0 |
| Other Reserves | 6,048,110 |
| Undivided Earnings | 652,172,535 |
| TOTAL EQUITY | 658,220,645 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,908,555,868 |
| INCOME & EXPENSE | |
| Loan Income | 92,786,467 |
| Investment Income | 3,554,208 |
| Other Income | 2,601,218 |
| Total Employee Compensation & Benefits | 33,424,255 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 19,608,129 |
| Non-operating Income & (Expense) | 69,829,991 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,363,789 |
| Cost of Funds | 23,425,260 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 90,082,283 |
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