Dec, 31, 2020 — HUNTINGTON BEACH CTY EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in Huntington Beac, CA with 1 branch location and about $58.63 million in total assets. Opened 68 years ago in 1953, HUNTINGTON BEACH CTY EMPLOYEES CREDIT UNION has about 2,533 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HUNTINGTON BEACH CTY EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | PO Box E910 Huntington Beac, CA 92648-0857 |
| Phone: | (714) 536-6517 |
| Fax: | (714) 969-0817 |
| Website: | http://www.huntingtonbeachcu.org |
| Branches: | 1 branch locations |
| Members: | 2,533 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60967 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Jun 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $58,632,651 |
| CEO/Manager: | Angela K Clitherow |
| Chairperson: | Paul D'Alessandro |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 20,009,448 |
| TOTAL INVESTMENTS | 28,707,730 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,600,220 |
| Unsecured Loans | 1,982,061 |
| Other Loans | 3,812,185 |
| TOTAL LOANS | 9,394,466 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -147,632 |
| Land And Building | 0 |
| Other Fixed Assets | 28,925 |
| NCUSIF Deposit | 487,338 |
| All Other Assets | 152,376 |
| TOTAL ASSETS | 58,632,651 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 194,292 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,138,037 |
| Regular shares | 39,079,947 |
| All Other Shares & Deposits | 5,593,744 |
| TOTAL SHARES & DEPOSITS | 51,811,728 |
| TOTAL LIABILITIES | 52,006,020 |
| Regular Reserve | 702,658 |
| Other Reserves | 0 |
| Undivided Earnings | 5,923,973 |
| TOTAL EQUITY | 6,626,631 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 58,632,651 |
| INCOME & EXPENSE | |
| Loan Income | 578,320 |
| Investment Income | 572,727 |
| Other Income | 196,132 |
| Total Employee Compensation & Benefits | 578,867 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 613,501 |
| Non-operating Income & (Expense) | -6 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -71,326 |
| Cost of Funds | 54,002 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 172,129 |
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