Dec, 31, 2023 — UNIVERSITY CREDIT UNION is a federally insured state chartered credit union headquartered in LOS ANGELES, CA with 3 branch locations and about $1.17 billion in total assets. Opened 74 years ago in 1950, UNIVERSITY CREDIT UNION has about 52,100 members and employs 141 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | UNIVERSITY CREDIT UNION |
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Address: (Main Office) | 1500 S Sepulveda Blvd LOS ANGELES, CA 90025 |
Phone: | (800) 828-4510 |
Fax: | |
Website: | https://www.ucu.org |
Branches: | 3 branch locations |
Members: | 52,100 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 64171 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1950 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,165,726,882 |
CEO/Manager: | David Tuyo |
Chairperson: | Norma P Iadevaia |
ASSETS: | $ Amount |
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Cash & Equivalents | 41,269,252 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 2,788,635 |
Real Estate Loans | 700,925,705 |
Unsecured Loans | 65,744,709 |
Other Loans | 256,895,510 |
TOTAL LOANS | 1,023,565,924 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,940,465 |
Land And Building | 13,759,848 |
Other Fixed Assets | 6,467,184 |
NCUSIF Deposit | 8,218,512 |
All Other Assets | 117,008 |
TOTAL ASSETS | 1,165,726,882 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 50,301 |
Notes & Interest Payable | 140,000,000 |
Accounts Payable & Other Liabilities | 12,140,922 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 224,253,582 |
Regular shares | 276,810,341 |
All Other Shares & Deposits | 422,709,957 |
TOTAL SHARES & DEPOSITS | 923,773,881 |
TOTAL LIABILITIES | 1,075,971,961 |
Regular Reserve | 0 |
Other Reserves | 3,748,159 |
Undivided Earnings | 86,006,762 |
TOTAL EQUITY | 89,754,921 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,165,726,882 |
INCOME & EXPENSE | |
Loan Income | 49,182,981 |
Investment Income | 1,763,395 |
Other Income | 1,132,059 |
Total Employee Compensation & Benefits | 17,398,988 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 18,479,763 |
Non-operating Income & (Expense) | 4,755,131 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,798,323 |
Cost of Funds | 14,797,729 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 6,047,920 |
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