Dec, 31, 2023 — U.S.B. EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in WILMINGTON, CA with 1 branch location and about $1.99 million in total assets. Opened 75 years ago in 1949, U.S.B. EMPLOYEES FEDERAL CREDIT UNION has about 314 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | U.S.B. EMPLOYEES FEDERAL CREDIT UNION |
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Address: (Main Office) | 300 Falcon St WILMINGTON, CA 90744-6407 |
Phone: | (310) 830-0161 |
Fax: | (310) 830-3445 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 314 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 5960 |
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Membership Type: | Manufacturing - Chemicals |
Corporate Credit Union: | No |
Year Opened: | 1949 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $1,986,164 |
CEO/Manager: | Sheila K Richardson |
Chairperson: | Albert Torres |
ASSETS: | $ Amount |
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Cash & Equivalents | 37,919 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 22,185 |
Other Loans | 256,641 |
TOTAL LOANS | 278,826 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -16,070 |
Land And Building | 0 |
Other Fixed Assets | 3,719 |
NCUSIF Deposit | 14,793 |
All Other Assets | 0 |
TOTAL ASSETS | 1,986,164 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 884 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 1,374,540 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 1,374,540 |
TOTAL LIABILITIES | 1,375,424 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 610,740 |
TOTAL EQUITY | 610,740 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,986,164 |
INCOME & EXPENSE | |
Loan Income | 16,005 |
Investment Income | 28,580 |
Other Income | 140 |
Total Employee Compensation & Benefits | 32,783 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 14,938 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 1,283 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -4,279 |
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