Mar, 31, 2022 — UTILITY DISTRICT CREDIT UNION is a federally insured state chartered credit union headquartered in OAKLAND, CA with 2 branch locations and about $37.20 million in total assets. Opened 87 years ago in 1935, UTILITY DISTRICT CREDIT UNION has about 2,391 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 |
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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: | 2,391 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 61085 |
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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: | $37,199,020 |
CEO/Manager: | Hassan Y Elmi |
Chairperson: | Cynthia C Adkisson |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,541,853 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,371,873 |
Unsecured Loans | 1,022,460 |
Other Loans | 5,679,125 |
TOTAL LOANS | 8,073,458 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -13,461 |
Land And Building | 0 |
Other Fixed Assets | 975 |
NCUSIF Deposit | 308,204 |
All Other Assets | 0 |
TOTAL ASSETS | 37,199,020 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 72,977 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 8,468,991 |
Regular shares | 21,406,186 |
All Other Shares & Deposits | 4,411,832 |
TOTAL SHARES & DEPOSITS | 34,287,009 |
TOTAL LIABILITIES | 34,359,986 |
Regular Reserve | 0 |
Other Reserves | 512,735 |
Undivided Earnings | 2,326,299 |
TOTAL EQUITY | 2,839,034 |
TOTAL LIABILITIES, SHARES, & EQUITY | 37,199,020 |
INCOME & EXPENSE | |
Loan Income | 95,293 |
Investment Income | 68,625 |
Other Income | 5,171 |
Total Employee Compensation & Benefits | 138,918 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 65,337 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 876 |
Cost of Funds | 3,229 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -36,502 |
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