Dec, 31, 2023 — COMPASS COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in EUREKA, CA with 2 branch locations and about $173.06 million in total assets. Opened 73 years ago in 1951, COMPASS COMMUNITY CREDIT UNION has about 6,242 members and employs 24 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | COMPASS COMMUNITY CREDIT UNION |
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Address: (Main Office) | 321 Wabash Ave EUREKA, CA 95501 |
Phone: | (707) 443-8662 |
Fax: | (707) 443-8664 |
Website: | https://www.compassccu.org |
Branches: | 2 branch locations |
Members: | 6,242 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 61933 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1951 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $173,064,752 |
CEO/Manager: | Ray F Litchfield |
Chairperson: | DAX WILLIAMSON |
ASSETS: | $ Amount |
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Cash & Equivalents | 11,107,618 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 98,018,005 |
Unsecured Loans | 1,441,901 |
Other Loans | 13,684,618 |
TOTAL LOANS | 113,144,523 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -220,745 |
Land And Building | 3,865,440 |
Other Fixed Assets | 395,951 |
NCUSIF Deposit | 1,431,314 |
All Other Assets | 0 |
TOTAL ASSETS | 173,064,752 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 559,439 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 24,392,199 |
Regular shares | 77,815,524 |
All Other Shares & Deposits | 51,434,375 |
TOTAL SHARES & DEPOSITS | 153,642,099 |
TOTAL LIABILITIES | 154,202,565 |
Regular Reserve | 0 |
Other Reserves | -1,547,439 |
Undivided Earnings | 20,409,626 |
TOTAL EQUITY | 18,862,187 |
TOTAL LIABILITIES, SHARES, & EQUITY | 173,064,752 |
INCOME & EXPENSE | |
Loan Income | 4,898,962 |
Investment Income | 921,048 |
Other Income | 192,075 |
Total Employee Compensation & Benefits | 2,719,500 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,656,168 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -17,364 |
Cost of Funds | 2,045,985 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -166,394 |
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