Dec, 31, 2021 — SAN MATEO CITY EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in SAN MATEO, CA with 0 branch location and about $41.67 million in total assets. Opened 73 years ago in 1949, SAN MATEO CITY EMPLOYEES FEDERAL CREDIT UNION has about 1,098 members and employs 4 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 CITY EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | Credit Union SAN MATEO, CA 94403 |
| Phone: | (650) 522-7072 |
| Fax: | (650) 522-7071 |
| Website: | http://smcfcu.org |
| Branches: | 0 branch locations |
| Members: | 1,098 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6326 |
|---|---|
| Membership Type: | Federal, State, Local Government |
| Corporate Credit Union: | No |
| Year Opened: | 1949 |
| Last Audited: | Jun 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $41,673,899 |
| CEO/Manager: | Steve Yoshifuji |
| Chairperson: | Bill Euchner |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 12,635,608 |
| TOTAL INVESTMENTS | 23,695,538 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,996,482 |
| Unsecured Loans | 1,601,126 |
| Other Loans | 1,468,069 |
| TOTAL LOANS | 5,065,677 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -111,478 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 300,595 |
| All Other Assets | 87,959 |
| TOTAL ASSETS | 41,673,899 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 168,606 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 35,723,570 |
| All Other Shares & Deposits | 353,696 |
| TOTAL SHARES & DEPOSITS | 36,077,266 |
| TOTAL LIABILITIES | 36,245,872 |
| Regular Reserve | 853,510 |
| Other Reserves | 0 |
| Undivided Earnings | 4,574,517 |
| TOTAL EQUITY | 5,428,027 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 41,673,899 |
| INCOME & EXPENSE | |
| Loan Income | 281,432 |
| Investment Income | 444,053 |
| Other Income | 0 |
| Total Employee Compensation & Benefits | 144,003 |
| NCUSIF Premiums Expense | 6,112 |
| Total Other Operating Expenses | 104,483 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 338,604 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 132,283 |
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