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National Credit Union Service Organization

SAN MATEO CREDIT UNION

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.


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: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

Call Report

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

Financial Summary

» See also Statement of Financial Condition
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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