FINANCIAL CENTER CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.fccuburt.org for more information.
Dec, 31, 2023 — FINANCIAL CENTER CREDIT UNION is a federally insured state chartered credit union headquartered in Stockton, CA with 6 branch locations and about $634.40 million in total assets. Opened 70 years ago in 1954, FINANCIAL CENTER CREDIT UNION has about 29,604 members and employs 97 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | FINANCIAL CENTER CREDIT UNION |
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Address: (Main Office) | P O Box 208005 Stockton, CA 95208-9005 |
Phone: | (209) 948-6024 |
Fax: | (209) 948-1043 |
Website: | https://www.fccuburt.org |
Branches: | 6 branch locations |
Members: | 29,604 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 60463 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1954 |
Last Audited: | Sep 01, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $634,400,184 |
CEO/Manager: | Michael P Duffy |
Chairperson: | Manuel Lopez |
ASSETS: | $ Amount |
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Cash & Equivalents | 223,817,417 |
TOTAL INVESTMENTS | 293,487,265 |
Loans Held for Sale | 0 |
Real Estate Loans | 3,989,215 |
Unsecured Loans | 30,797,647 |
Other Loans | 67,492,569 |
TOTAL LOANS | 102,279,431 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,564,706 |
Land And Building | 5,887,291 |
Other Fixed Assets | 597,618 |
NCUSIF Deposit | 4,746,884 |
All Other Assets | 5,148,984 |
TOTAL ASSETS | 634,400,184 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 612,657 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 12,259,802 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 97,133,296 |
Regular shares | 402,851,596 |
All Other Shares & Deposits | 40,458,335 |
TOTAL SHARES & DEPOSITS | 540,443,227 |
TOTAL LIABILITIES | 553,315,686 |
Regular Reserve | 3,671,210 |
Other Reserves | 18,369,805 |
Undivided Earnings | 59,043,483 |
TOTAL EQUITY | 81,084,498 |
TOTAL LIABILITIES, SHARES, & EQUITY | 634,400,184 |
INCOME & EXPENSE | |
Loan Income | 5,412,984 |
Investment Income | 3,684,434 |
Other Income | 2,341,810 |
Total Employee Compensation & Benefits | 4,139,927 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 18,942,872 |
Non-operating Income & (Expense) | 104,080 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -344,776 |
Cost of Funds | 15,419,857 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -23,741,021 |
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» See also Statement of Financial Condition