Dec, 31, 2022 — UTILITY DISTRICT CREDIT UNION is a federally insured state chartered credit union headquartered in OAKLAND, CA with 2 branch locations and about $37.92 million in total assets. Opened 88 years ago in 1935, UTILITY DISTRICT CREDIT UNION has about 2,394 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: | https://udcu.org |
| Branches: | 2 branch locations |
| Members: | 2,394 |
| 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: | Sep 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $37,920,513 |
| CEO/Manager: | Hassan Y Elmi |
| Chairperson: | Cynthia C Adkisson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,142,509 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,410,498 |
| Unsecured Loans | 1,106,567 |
| Other Loans | 7,089,068 |
| TOTAL LOANS | 9,606,133 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -13,461 |
| Land And Building | 0 |
| Other Fixed Assets | 174 |
| NCUSIF Deposit | 314,386 |
| All Other Assets | 0 |
| TOTAL ASSETS | 37,920,513 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 77,665 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 8,937,707 |
| Regular shares | 21,487,926 |
| All Other Shares & Deposits | 4,627,501 |
| TOTAL SHARES & DEPOSITS | 35,053,134 |
| TOTAL LIABILITIES | 35,130,799 |
| Regular Reserve | 0 |
| Other Reserves | 512,735 |
| Undivided Earnings | 2,276,979 |
| TOTAL EQUITY | 2,789,714 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 37,920,513 |
| INCOME & EXPENSE | |
| Loan Income | 302,228 |
| Investment Income | 247,138 |
| Other Income | 20,485 |
| Total Employee Compensation & Benefits | 435,328 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 220,364 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 876 |
| Cost of Funds | 10,604 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -85,821 |
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