Dec, 31, 2023 — SACRAMENTO CREDIT UNION is a federally insured state chartered credit union headquartered in SACRAMENTO, CA with 7 branch locations and about $806.22 million in total assets. Opened 89 years ago in 1935, SACRAMENTO CREDIT UNION has about 27,522 members and employs 95 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 |
---|---|
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: | 27,522 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 62641 |
---|---|
Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1935 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $806,216,574 |
CEO/Manager: | Bhavnesh Makin |
Chairperson: | Les Brown |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 156,874,270 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 201,094,890 |
Unsecured Loans | 57,376,322 |
Other Loans | 145,089,219 |
TOTAL LOANS | 403,560,431 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,011,219 |
Land And Building | 2,815,560 |
Other Fixed Assets | 987,383 |
NCUSIF Deposit | 5,533,949 |
All Other Assets | 21,770 |
TOTAL ASSETS | 806,216,574 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 89,200,000 |
Accounts Payable & Other Liabilities | 9,361,433 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 168,991,378 |
Regular shares | 190,147,262 |
All Other Shares & Deposits | 247,168,309 |
TOTAL SHARES & DEPOSITS | 606,306,950 |
TOTAL LIABILITIES | 704,880,002 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 101,336,572 |
TOTAL EQUITY | 101,336,572 |
TOTAL LIABILITIES, SHARES, & EQUITY | 806,216,574 |
INCOME & EXPENSE | |
Loan Income | 16,397,186 |
Investment Income | 6,321,125 |
Other Income | 1,543,416 |
Total Employee Compensation & Benefits | 8,976,275 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 7,003,964 |
Non-operating Income & (Expense) | 1,855 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 834,726 |
Cost of Funds | 5,542,808 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 6,992,797 |
↑ Back to Top |