Jun, 30, 2021 — GOLDEN 1 CREDIT UNION is a federally insured state chartered credit union headquartered in SACRAMENTO, CA with 74 branch locations and about $17.54 billion in total assets. Opened 88 years ago in 1933, GOLDEN 1 CREDIT UNION has more than 1.1 million members and employs 1,970 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GOLDEN 1 CREDIT UNION |
|---|---|
| Address: (Main Office) | P.O. BOX 15966 SACRAMENTO, CA 95852 |
| Phone: | (916) 732-2900 |
| Fax: | (916) 363-7064 |
| Website: | http://www.golden1.com |
| Branches: | 74 branch locations |
| Members: | 1,091,534 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61650 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1933 |
| Last Audited: | Dec 01, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $17,542,584,620 |
| CEO/Manager: | Donna A Bland |
| Chairperson: | James H Gomez |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,012,980,138 |
| TOTAL INVESTMENTS | 5,950,122,626 |
| Loans Held for Sale | 6,120,760 |
| Real Estate Loans | 4,502,133,878 |
| Unsecured Loans | 691,877,565 |
| Other Loans | 4,151,989,341 |
| TOTAL LOANS | 9,346,000,784 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -89,923,115 |
| Land And Building | 40,104,824 |
| Other Fixed Assets | 45,189,625 |
| NCUSIF Deposit | 137,624,639 |
| All Other Assets | 94,364,339 |
| TOTAL ASSETS | 17,542,584,620 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,970,159 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 174,430,204 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,816,409,942 |
| Regular shares | 4,545,549,694 |
| All Other Shares & Deposits | 7,328,985,351 |
| TOTAL SHARES & DEPOSITS | 15,690,944,987 |
| TOTAL LIABILITIES | 15,868,345,350 |
| Regular Reserve | 0 |
| Other Reserves | 20,963,304 |
| Undivided Earnings | 1,653,275,966 |
| TOTAL EQUITY | 1,674,239,270 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 17,542,584,620 |
| INCOME & EXPENSE | |
| Loan Income | 170,843,117 |
| Investment Income | 29,660,813 |
| Other Income | 20,591,896 |
| Total Employee Compensation & Benefits | 92,205,680 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 82,072,352 |
| Non-operating Income & (Expense) | -690,037 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -10,248,313 |
| Cost of Funds | 21,404,707 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 74,270,011 |
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