Jun, 30, 2023 — HUNTINGTON BEACH CTY EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in HUNTINGTON BEACH, CA with 1 branch location and about $62.71 million in total assets. Opened 70 years ago in 1953, HUNTINGTON BEACH CTY EMPLOYEES CREDIT UNION has about 2,645 members and employs 4 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) | 2000 Main St # B272 HUNTINGTON BEACH, CA 92648-2702 |
| Phone: | (714) 536-6517 |
| Fax: | (714) 969-0817 |
| Website: | https://www.huntingtonbeachcu.org |
| Branches: | 1 branch locations |
| Members: | 2,645 |
| 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, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $62,706,020 |
| CEO/Manager: | Angela K Clitherow |
| Chairperson: | Paul D'Alessandro |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,135,663 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 5,180,026 |
| Unsecured Loans | 3,110,702 |
| Other Loans | 5,388,801 |
| TOTAL LOANS | 13,679,529 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -205,626 |
| Land And Building | 0 |
| Other Fixed Assets | 230,987 |
| NCUSIF Deposit | 538,266 |
| All Other Assets | 10,551 |
| TOTAL ASSETS | 62,706,020 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 332,711 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 10,102,163 |
| Regular shares | 42,150,589 |
| All Other Shares & Deposits | 3,703,408 |
| TOTAL SHARES & DEPOSITS | 55,956,160 |
| TOTAL LIABILITIES | 56,288,871 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 6,417,149 |
| TOTAL EQUITY | 6,417,149 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 62,706,020 |
| INCOME & EXPENSE | |
| Loan Income | 500,165 |
| Investment Income | 357,113 |
| Other Income | 32,405 |
| Total Employee Compensation & Benefits | 227,804 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 651,984 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 106,826 |
| Cost of Funds | 30,223 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 7,830 |
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