Jun, 30, 2023 — SACRAMENTO CREDIT UNION is a federally insured state chartered credit union headquartered in SACRAMENTO, CA with 7 branch locations and about $718.36 million in total assets. Opened 89 years ago in 1935, SACRAMENTO CREDIT UNION has about 26,603 members and employs 108 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SACRAMENTO CREDIT UNION |
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Address: (Main Office) | 800 H St SACRAMENTO, CA 95814-2607 |
Phone: | (888) 722-8601 |
Fax: | |
Website: | https://www.sactocu.org |
Branches: | 7 branch locations |
Members: | 26,603 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 62641 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1935 |
Last Audited: | Sep 01, 2021 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $718,360,072 |
CEO/Manager: | Bhavnesh Makin |
Chairperson: | Les Brown |
ASSETS: | $ Amount |
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Cash & Equivalents | 57,580,412 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 177,789,403 |
Unsecured Loans | 63,352,736 |
Other Loans | 135,863,030 |
TOTAL LOANS | 377,005,169 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,821,761 |
Land And Building | 3,240,106 |
Other Fixed Assets | 1,170,136 |
NCUSIF Deposit | 5,518,873 |
All Other Assets | 0 |
TOTAL ASSETS | 718,360,072 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 8,386,294 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 178,127,496 |
Regular shares | 232,136,840 |
All Other Shares & Deposits | 206,476,273 |
TOTAL SHARES & DEPOSITS | 616,740,609 |
TOTAL LIABILITIES | 625,126,903 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 93,233,169 |
TOTAL EQUITY | 93,233,169 |
TOTAL LIABILITIES, SHARES, & EQUITY | 718,360,072 |
INCOME & EXPENSE | |
Loan Income | 9,359,065 |
Investment Income | 2,812,591 |
Other Income | 1,205,003 |
Total Employee Compensation & Benefits | 7,370,633 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 4,687,957 |
Non-operating Income & (Expense) | -9,860 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -47,101 |
Cost of Funds | 953,296 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 4,427,715 |
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