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National Credit Union Service Organization

SAN MATEO CREDIT UNION

Dec, 31, 2021 — SAN MATEO CREDIT UNION is a federally insured state chartered credit union headquartered in REDWOOD CITY, CA with 9 branch locations and about $1.65 billion in total assets. Opened 70 years ago in 1952, SAN MATEO CREDIT UNION has about 106,659 members and employs 194 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 321174851
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:106,659
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, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$1,649,770,531
CEO/Manager:Wade Painter
Chairperson:Brian Ponty

Call Report

  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 485,536,691
TOTAL INVESTMENTS 38,324,394
Loans Held for Sale 838,948
 
 Real Estate Loans 719,015,061
 Unsecured Loans 63,438,776
 Other Loans 279,929,315
 TOTAL LOANS 1,062,383,152
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -4,382,403
 Land And Building 13,899,158
 Other Fixed Assets 19,147,424
 NCUSIF Deposit 13,096,052
 All Other Assets 20,927,115
  TOTAL ASSETS 1,649,770,531
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 35,393,393
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 364,933,109
 Regular shares 576,840,440
 All Other Shares & Deposits 509,056,359
  TOTAL SHARES & DEPOSITS 1,450,829,908
  TOTAL LIABILITIES 1,486,223,301
 Regular Reserve 13,271,995
 Other Reserves 1,234
 Undivided Earnings 150,274,001
  TOTAL EQUITY 163,547,230
  TOTAL LIABILITIES, SHARES, & EQUITY 1,649,770,531
INCOME & EXPENSE  
 Loan Income 35,966,924
 Investment Income 1,569,440
 Other Income 5,060,897
 Total Employee Compensation & Benefits 22,002,345
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 21,275,777
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -1,442,312
 Cost of Funds 4,155,093
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 14,201,635
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