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COMMONWEALTH CENTRAL CREDIT UNION

Dec, 31, 2023 — COMMONWEALTH CENTRAL CREDIT UNION is a federally insured state chartered credit union headquartered in SAN JOSE, CA with 4 branch locations and about $631.46 million in total assets. Opened 66 years ago in 1958, COMMONWEALTH CENTRAL CREDIT UNION has about 39,279 members and employs 98 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 321176794
Name:COMMONWEALTH CENTRAL CREDIT UNION
Address:
(Main Office)
5890 Silver Creek Valley Rd
SAN JOSE, CA 95138
Phone:(408) 531-3100
Fax:
Website:https://www.wealthcu.org
Branches:4 branch locations
Members:39,279
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:61741
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1958
Last Audited:Dec 01, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$631,464,188
CEO/Manager:Viktoria Earle
Chairperson:James Crawford

Call Report

  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 67,650,631
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 376,362,524
 Unsecured Loans 27,335,483
 Other Loans 114,292,003
 TOTAL LOANS 517,990,010
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -3,570,419
 Land And Building 10,085,916
 Other Fixed Assets 4,152,974
 NCUSIF Deposit 5,414,126
 All Other Assets 144,308
  TOTAL ASSETS 631,464,188
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 6,104,972
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 153,340,089
 Regular shares 256,325,430
 All Other Shares & Deposits 143,388,317
  TOTAL SHARES & DEPOSITS 553,053,836
  TOTAL LIABILITIES 559,193,467
 Regular Reserve 0
 Other Reserves -1,215,914
 Undivided Earnings 73,486,635
  TOTAL EQUITY 72,270,721
  TOTAL LIABILITIES, SHARES, & EQUITY 631,464,188
INCOME & EXPENSE  
 Loan Income 23,358,325
 Investment Income 4,186,624
 Other Income 2,574,860
 Total Employee Compensation & Benefits 11,368,711
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 9,320,589
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,434,220
 Cost of Funds 1,718,260
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 10,841,256
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