Dec, 31, 2021 — GOLDEN 1 CREDIT UNION is a federally insured state chartered credit union headquartered in SACRAMENTO, CA with 71 branch locations and about $18.33 billion in total assets. Opened 89 years ago in 1933, GOLDEN 1 CREDIT UNION has more than 1.1 million members and employs 1,948 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) | 8945 Cal Center Dr SACRAMENTO, CA 95826-3239 |
| Phone: | (916) 732-2900 |
| Fax: | (916) 363-7064 |
| Website: | http://www.golden1.com |
| Branches: | 71 branch locations |
| Members: | 1,097,546 |
| 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: | $18,331,687,285 |
| CEO/Manager: | Donna A Bland |
| Chairperson: | James H Gomez |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,183,773,957 |
| TOTAL INVESTMENTS | 6,472,315,954 |
| Loans Held for Sale | 3,782,031 |
| Real Estate Loans | 4,710,687,136 |
| Unsecured Loans | 731,301,067 |
| Other Loans | 3,982,788,373 |
| TOTAL LOANS | 9,424,776,576 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -80,537,470 |
| Land And Building | 39,880,321 |
| Other Fixed Assets | 42,553,369 |
| NCUSIF Deposit | 149,149,298 |
| All Other Assets | 95,993,249 |
| TOTAL ASSETS | 18,331,687,285 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,769,767 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 168,506,262 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,028,366,109 |
| Regular shares | 4,821,711,896 |
| All Other Shares & Deposits | 7,628,449,936 |
| TOTAL SHARES & DEPOSITS | 16,478,527,941 |
| TOTAL LIABILITIES | 16,649,803,970 |
| Regular Reserve | 0 |
| Other Reserves | -30,334,749 |
| Undivided Earnings | 1,712,218,064 |
| TOTAL EQUITY | 1,681,883,315 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 18,331,687,285 |
| INCOME & EXPENSE | |
| Loan Income | 340,281,782 |
| Investment Income | 63,601,933 |
| Other Income | 46,117,570 |
| Total Employee Compensation & Benefits | 187,336,385 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 175,598,272 |
| Non-operating Income & (Expense) | -686,800 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -8,965,207 |
| Cost of Funds | 40,487,302 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 133,212,109 |
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