Dec, 31, 2020 — GOLDEN 1 CREDIT UNION is a federally insured state chartered credit union headquartered in SACRAMENTO, CA with 74 branch locations and about $16.31 billion in total assets. Opened 88 years ago in 1933, GOLDEN 1 CREDIT UNION has more than 1.1 million members and employs 2,020 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: | 1,076,870 |
| 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, 2019 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $16,310,412,697 |
| CEO/Manager: | Donna A Bland |
| Chairperson: | Paris D Coleman |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,314,650,785 |
| TOTAL INVESTMENTS | 4,732,764,318 |
| Loans Held for Sale | 1,210,733 |
| Real Estate Loans | 4,185,011,052 |
| Unsecured Loans | 691,045,810 |
| Other Loans | 4,183,300,679 |
| TOTAL LOANS | 9,059,357,541 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -109,604,040 |
| Land And Building | 39,628,502 |
| Other Fixed Assets | 46,188,815 |
| NCUSIF Deposit | 125,446,433 |
| All Other Assets | 100,769,610 |
| TOTAL ASSETS | 16,310,412,697 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 4,396,713 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 176,427,766 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,209,678,676 |
| Regular shares | 6,403,202,068 |
| All Other Shares & Deposits | 6,880,922,757 |
| TOTAL SHARES & DEPOSITS | 14,493,803,501 |
| TOTAL LIABILITIES | 14,674,627,980 |
| Regular Reserve | 78,110,584 |
| Other Reserves | 56,778,761 |
| Undivided Earnings | 1,500,895,372 |
| TOTAL EQUITY | 1,635,784,717 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 16,310,412,697 |
| INCOME & EXPENSE | |
| Loan Income | 353,556,280 |
| Investment Income | 58,525,474 |
| Other Income | 111,864,674 |
| Total Employee Compensation & Benefits | 174,876,539 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 158,922,191 |
| Non-operating Income & (Expense) | 7,855,936 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 62,548,576 |
| Cost of Funds | 64,893,907 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 70,561,151 |
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