Dec, 31, 2022 — GOLDEN 1 CREDIT UNION is a federally insured state chartered credit union headquartered in SACRAMENTO, CA with 65 branch locations and about $18.29 billion in total assets. Opened 90 years ago in 1933, GOLDEN 1 CREDIT UNION has more than 1.1 million members and employs 2,054 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: | https://www.golden1.com |
| Branches: | 65 branch locations |
| Members: | 1,082,876 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $18,286,187,495 |
| CEO/Manager: | Donna A Bland |
| Chairperson: | Keri Thomas |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,060,300,986 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 1,057,264 |
| Real Estate Loans | 6,104,890,196 |
| Unsecured Loans | 910,963,308 |
| Other Loans | 4,733,495,244 |
| TOTAL LOANS | 11,749,348,748 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -76,619,159 |
| Land And Building | 39,240,461 |
| Other Fixed Assets | 37,158,233 |
| NCUSIF Deposit | 156,074,522 |
| All Other Assets | 2,296,784 |
| TOTAL ASSETS | 18,286,187,495 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 5,246,909 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 212,186,239 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,053,376,803 |
| Regular shares | 4,906,423,853 |
| All Other Shares & Deposits | 7,820,518,025 |
| TOTAL SHARES & DEPOSITS | 16,780,318,681 |
| TOTAL LIABILITIES | 16,997,751,829 |
| Regular Reserve | 0 |
| Other Reserves | -516,549,204 |
| Undivided Earnings | 1,804,984,870 |
| TOTAL EQUITY | 1,288,435,666 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 18,286,187,495 |
| INCOME & EXPENSE | |
| Loan Income | 280,039,026 |
| Investment Income | 93,348,784 |
| Other Income | 35,095,180 |
| Total Employee Compensation & Benefits | 153,343,782 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 143,630,297 |
| Non-operating Income & (Expense) | -351,393 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 15,899,712 |
| Cost of Funds | 55,020,667 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 92,766,806 |
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