Jun, 30, 2021 — SAN MATEO CREDIT UNION is a federally insured state chartered credit union headquartered in Redwood City, CA with 9 branch locations and about $1.57 billion in total assets. Opened 69 years ago in 1952, SAN MATEO CREDIT UNION has about 104,290 members and employs 196 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SAN MATEO CREDIT UNION |
|---|---|
| Address: (Main Office) | 350 Convention Way Redwood City, CA 94063 |
| Phone: | (650) 363-1725 |
| Fax: | |
| Website: | http://www.smcu.org |
| Branches: | 9 branch locations |
| Members: | 104,290 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62736 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Dec 01, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,566,529,935 |
| CEO/Manager: | Wade Painter |
| Chairperson: | Brian Ponty |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 469,783,597 |
| TOTAL INVESTMENTS | 18,328,947 |
| Loans Held for Sale | 4,098,139 |
| Real Estate Loans | 672,083,894 |
| Unsecured Loans | 62,360,080 |
| Other Loans | 279,445,474 |
| TOTAL LOANS | 1,013,889,448 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,419,846 |
| Land And Building | 14,202,903 |
| Other Fixed Assets | 4,588,250 |
| NCUSIF Deposit | 12,067,830 |
| All Other Assets | 34,990,667 |
| TOTAL ASSETS | 1,566,529,935 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 11,887,390 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 360,292,378 |
| Regular shares | 534,692,515 |
| All Other Shares & Deposits | 503,049,708 |
| TOTAL SHARES & DEPOSITS | 1,398,034,601 |
| TOTAL LIABILITIES | 1,409,921,991 |
| Regular Reserve | 13,271,995 |
| Other Reserves | 0 |
| Undivided Earnings | 143,335,949 |
| TOTAL EQUITY | 156,607,944 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,566,529,935 |
| INCOME & EXPENSE | |
| Loan Income | 17,723,629 |
| Investment Income | 619,991 |
| Other Income | 2,455,945 |
| Total Employee Compensation & Benefits | 10,717,406 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 9,839,652 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -597,478 |
| Cost of Funds | 2,226,300 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 7,270,624 |
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