Sep, 30, 2025 — UNIVERSITY & STATE EMPLOYEES CREDIT UNION (USECU) is a federally insured state chartered credit union headquartered in SAN DIEGO, CA with 6 branch locations and about $1.14 billion in total assets. Opened 90 years ago in 1936, UNIVERSITY & STATE EMPLOYEES CREDIT UNION (USECU) has about 53,604 members and employs 118 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | UNIVERSITY & STATE EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 10120 Pacific Heights Blvd Ste 100 SAN DIEGO, CA 92121-4205 |
| Phone: | (858) 795-6000 |
| Fax: | (858) 554-1291 |
| Website: | https://www.blupeak.com |
| Branches: | 6 branch locations |
| Members: | 53,604 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60801 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,142,571,451 |
| CEO/Manager: | Todd Tharp |
| Chairperson: | Matt Adams |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 94,682,552 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 1,812,400 |
| Real Estate Loans | 556,238,739 |
| Unsecured Loans | 9,076,785 |
| Other Loans | 196,323,176 |
| TOTAL LOANS | 761,638,700 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,482,233 |
| Land And Building | 22,227,195 |
| Other Fixed Assets | 3,699,444 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 10,274,691 |
| All Other Assets | 9,593,452 |
| TOTAL ASSETS | 1,142,571,451 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,224 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 12,467,055 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 324,995,424 |
| Regular shares | 234,400,574 |
| All Other Shares & Deposits | 485,996,140 |
| TOTAL SHARES & DEPOSITS | 1,045,392,138 |
| TOTAL LIABILITIES | 1,057,888,220 |
| Regular Reserve | 0 |
| Other Reserves | -19,741,760 |
| Undivided Earnings | 104,424,991 |
| TOTAL EQUITY | 84,683,231 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,142,571,451 |
| INCOME & EXPENSE | |
| Loan Income | 27,125,165 |
| Investment Income | 7,376,199 |
| Other Income | 3,242,079 |
| Total Employee Compensation & Benefits | 11,212,618 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 17,311,325 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -532,501 |
| Cost of Funds | 10,431,708 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,791,272 |
| ↑ Back to Top | |