Mar, 31, 2021 — UTILITY DISTRICT CREDIT UNION is a federally insured state chartered credit union headquartered in OAKLAND, CA with 2 branch locations and about $37.77 million in total assets. Opened 86 years ago in 1935, UTILITY DISTRICT CREDIT UNION has about 2,441 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | UTILITY DISTRICT CREDIT UNION |
|---|---|
| Address: (Main Office) | 375 11TH ST STE 203 OAKLAND, CA 94607 |
| Phone: | (510) 287-0467 |
| Fax: | (510) 287-0528 |
| Website: | http://udcu.org |
| Branches: | 2 branch locations |
| Members: | 2,441 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61085 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Dec 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $37,766,214 |
| CEO/Manager: | Hassan Y Elmi |
| Chairperson: | Kenneth Minn |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 9,589,923 |
| TOTAL INVESTMENTS | 18,770,113 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,967,264 |
| Unsecured Loans | 1,005,085 |
| Other Loans | 5,934,556 |
| TOTAL LOANS | 8,906,905 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -12,592 |
| Land And Building | 0 |
| Other Fixed Assets | 1,928 |
| NCUSIF Deposit | 282,415 |
| All Other Assets | 227,522 |
| TOTAL ASSETS | 37,766,214 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 136 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 92,754 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,897,431 |
| Regular shares | 20,633,864 |
| All Other Shares & Deposits | 4,121,375 |
| TOTAL SHARES & DEPOSITS | 34,652,670 |
| TOTAL LIABILITIES | 34,745,560 |
| Regular Reserve | 512,735 |
| Other Reserves | 0 |
| Undivided Earnings | 2,507,919 |
| TOTAL EQUITY | 3,020,654 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 37,766,214 |
| INCOME & EXPENSE | |
| Loan Income | 107,860 |
| Investment Income | 67,177 |
| Other Income | 3,542 |
| Total Employee Compensation & Benefits | 164,038 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 60,566 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 3,056 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -48,051 |
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