Dec, 31, 2022 — 1ST UNITED SERVICES CREDIT UNION is a federally insured state chartered credit union headquartered in PLEASANTON, CA with 9 branch locations and about $1.27 billion in total assets. Opened 91 years ago in 1932, 1ST UNITED SERVICES CREDIT UNION has about 63,193 members and employs 159 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | 1ST UNITED SERVICES CREDIT UNION |
|---|---|
| Address: (Main Office) | 5901 Gibraltar Dr PLEASANTON, CA 94588 |
| Phone: | (800) 649-0193 |
| Fax: | (925) 598-4862 |
| Website: | https://www.1stunitedcu.org |
| Branches: | 9 branch locations |
| Members: | 63,193 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63958 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1932 |
| Last Audited: | Jun 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,272,818,057 |
| CEO/Manager: | Stephen M Stone |
| Chairperson: | Howard T Garrigan |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 65,463,750 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 450,322,637 |
| Unsecured Loans | 62,810,353 |
| Other Loans | 365,039,001 |
| TOTAL LOANS | 878,171,991 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,437,719 |
| Land And Building | 4,194,272 |
| Other Fixed Assets | 3,266,931 |
| NCUSIF Deposit | 10,665,148 |
| All Other Assets | 187,766 |
| TOTAL ASSETS | 1,272,818,057 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 11,165,913 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 214,360,561 |
| Regular shares | 355,043,481 |
| All Other Shares & Deposits | 597,765,432 |
| TOTAL SHARES & DEPOSITS | 1,167,169,474 |
| TOTAL LIABILITIES | 1,178,335,387 |
| Regular Reserve | 0 |
| Other Reserves | -29,347,728 |
| Undivided Earnings | 123,830,398 |
| TOTAL EQUITY | 94,482,670 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,272,818,057 |
| INCOME & EXPENSE | |
| Loan Income | 21,922,523 |
| Investment Income | 5,136,899 |
| Other Income | 2,558,181 |
| Total Employee Compensation & Benefits | 13,158,160 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 9,669,404 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 546,190 |
| Cost of Funds | 4,036,271 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 5,178,087 |
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