Sep, 30, 2021 — GOLDEN 1 CREDIT UNION is a federally insured state chartered credit union headquartered in SACRAMENTO, CA with 74 branch locations and about $18.13 billion in total assets. Opened 89 years ago in 1933, GOLDEN 1 CREDIT UNION has more than 1.1 million members and employs 1,945 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: | 1,102,526 |
| 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: | $18,129,694,528 |
| CEO/Manager: | Donna A Bland |
| Chairperson: | James H Gomez |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,285,290,451 |
| TOTAL INVESTMENTS | 6,181,631,058 |
| Loans Held for Sale | 8,592,423 |
| Real Estate Loans | 4,606,442,578 |
| Unsecured Loans | 702,343,996 |
| Other Loans | 4,112,129,601 |
| TOTAL LOANS | 9,420,916,175 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -85,656,314 |
| Land And Building | 39,602,542 |
| Other Fixed Assets | 44,826,902 |
| NCUSIF Deposit | 137,624,639 |
| All Other Assets | 96,866,652 |
| TOTAL ASSETS | 18,129,694,528 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,706,364 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 184,046,531 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,042,577,323 |
| Regular shares | 4,721,427,892 |
| All Other Shares & Deposits | 7,478,102,291 |
| TOTAL SHARES & DEPOSITS | 16,242,107,506 |
| TOTAL LIABILITIES | 16,428,860,401 |
| Regular Reserve | 0 |
| Other Reserves | 12,560,039 |
| Undivided Earnings | 1,688,274,088 |
| TOTAL EQUITY | 1,700,834,127 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 18,129,694,528 |
| INCOME & EXPENSE | |
| Loan Income | 255,973,304 |
| Investment Income | 46,092,554 |
| Other Income | 33,203,099 |
| Total Employee Compensation & Benefits | 137,963,150 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 125,247,285 |
| Non-operating Income & (Expense) | -736,811 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -9,265,724 |
| Cost of Funds | 31,124,011 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 109,268,133 |
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