Dec, 31, 2023 — SANTA CRUZ COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in SANTA CRUZ, CA with 3 branch locations and about $191.76 million in total assets. Opened 47 years ago in 1977, SANTA CRUZ COMMUNITY CREDIT UNION has about 15,139 members and employs 53 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SANTA CRUZ COMMUNITY CREDIT UNION |
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Address: (Main Office) | 55 River St SANTA CRUZ, CA 95060-4568 |
Phone: | (831) 425-7708 |
Fax: | (831) 425-4789 |
Website: | https://scccu.org |
Branches: | 3 branch locations |
Members: | 15,139 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 64029 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1977 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $191,758,472 |
CEO/Manager: | Beth Carr |
Chairperson: | Howard Sherer |
ASSETS: | $ Amount |
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Cash & Equivalents | 19,058,164 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 88,607,005 |
Unsecured Loans | 6,720,447 |
Other Loans | 55,180,827 |
TOTAL LOANS | 152,096,566 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,532,131 |
Land And Building | 3,279,521 |
Other Fixed Assets | 5,933,130 |
NCUSIF Deposit | 1,471,643 |
All Other Assets | 0 |
TOTAL ASSETS | 191,758,472 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 9,496,227 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 1,500,000 |
Share Drafts | 44,683,287 |
Regular shares | 76,829,376 |
All Other Shares & Deposits | 41,440,664 |
TOTAL SHARES & DEPOSITS | 162,953,327 |
TOTAL LIABILITIES | 173,949,554 |
Regular Reserve | 0 |
Other Reserves | -12,409 |
Undivided Earnings | 17,821,327 |
TOTAL EQUITY | 17,808,918 |
TOTAL LIABILITIES, SHARES, & EQUITY | 191,758,472 |
INCOME & EXPENSE | |
Loan Income | 8,746,683 |
Investment Income | 664,292 |
Other Income | 1,115,568 |
Total Employee Compensation & Benefits | 5,888,037 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 4,793,494 |
Non-operating Income & (Expense) | 1,903,783 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 585,544 |
Cost of Funds | 1,128,746 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 967,279 |
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