Dec, 31, 2023 — SKYONE FEDERAL CREDIT UNION is a federal credit union headquartered in HAWTHORNE, CA with 3 branch locations and about $938.32 million in total assets. Opened 75 years ago in 1949, SKYONE FEDERAL CREDIT UNION has about 60,071 members and employs 116 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SKYONE FEDERAL CREDIT UNION |
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Address: (Main Office) | 14600 Aviation Blvd HAWTHORNE, CA 90250 |
Phone: | (310) 491-7500 |
Fax: | (310) 491-7400 |
Website: | https://www.skyone.org |
Branches: | 3 branch locations |
Members: | 60,071 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 6248 |
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Membership Type: | Multiple common bond - Primarily transportation |
Corporate Credit Union: | No |
Year Opened: | 1949 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $938,323,674 |
CEO/Manager: | Joseph Whitaker |
Chairperson: | Theodore Byrne |
ASSETS: | $ Amount |
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Cash & Equivalents | 139,016,775 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 290,000 |
Real Estate Loans | 335,479,193 |
Unsecured Loans | 43,614,108 |
Other Loans | 284,229,584 |
TOTAL LOANS | 663,322,885 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,560,586 |
Land And Building | 6,432,417 |
Other Fixed Assets | 2,798,444 |
NCUSIF Deposit | 6,213,809 |
All Other Assets | 2,506,063 |
TOTAL ASSETS | 938,323,674 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 715,110 |
Notes & Interest Payable | 21,000,000 |
Accounts Payable & Other Liabilities | 7,260,798 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 5,000,000 |
Share Drafts | 119,821,323 |
Regular shares | 184,655,681 |
All Other Shares & Deposits | 559,202,051 |
TOTAL SHARES & DEPOSITS | 863,679,055 |
TOTAL LIABILITIES | 897,654,963 |
Regular Reserve | 0 |
Other Reserves | -4,615,689 |
Undivided Earnings | 45,284,400 |
TOTAL EQUITY | 40,668,711 |
TOTAL LIABILITIES, SHARES, & EQUITY | 938,323,674 |
INCOME & EXPENSE | |
Loan Income | 38,041,853 |
Investment Income | 7,262,914 |
Other Income | 2,237,925 |
Total Employee Compensation & Benefits | 16,006,710 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 14,538,886 |
Non-operating Income & (Expense) | -50,846 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -2,228,605 |
Cost of Funds | 18,541,056 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 6,337,636 |
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