Mar, 31, 2021 — GOLDEN 1 CREDIT UNION is a federally insured state chartered credit union headquartered in SACRAMENTO, CA with 74 branch locations and about $17.24 billion in total assets. Opened 88 years ago in 1933, GOLDEN 1 CREDIT UNION has more than 1.1 million members and employs 2,016 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: | 1,088,535 |
| 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: | $17,237,843,720 |
| CEO/Manager: | Donna A Bland |
| Chairperson: | James H Gomez |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,524,950,120 |
| TOTAL INVESTMENTS | 5,510,058,341 |
| Loans Held for Sale | 3,398,183 |
| Real Estate Loans | 4,210,313,526 |
| Unsecured Loans | 673,001,590 |
| Other Loans | 4,118,338,191 |
| TOTAL LOANS | 9,001,653,307 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -109,472,166 |
| Land And Building | 39,140,673 |
| Other Fixed Assets | 44,425,855 |
| NCUSIF Deposit | 125,446,433 |
| All Other Assets | 98,242,974 |
| TOTAL ASSETS | 17,237,843,720 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,746,020 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 180,484,813 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,048,650,311 |
| Regular shares | 7,192,261,927 |
| All Other Shares & Deposits | 7,184,924,177 |
| TOTAL SHARES & DEPOSITS | 15,425,836,415 |
| TOTAL LIABILITIES | 15,610,067,248 |
| Regular Reserve | 78,110,584 |
| Other Reserves | 21,867,687 |
| Undivided Earnings | 1,527,798,201 |
| TOTAL EQUITY | 1,627,776,472 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 17,237,843,720 |
| INCOME & EXPENSE | |
| Loan Income | 85,990,977 |
| Investment Income | 14,449,115 |
| Other Income | 9,474,576 |
| Total Employee Compensation & Benefits | 46,829,537 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 39,355,318 |
| Non-operating Income & (Expense) | -354,002 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,170,213 |
| Cost of Funds | 11,658,841 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 26,902,830 |
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