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.
Name: | SAN MATEO CREDIT UNION |
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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 |
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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 |
ASSETS: | $ Amount |
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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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