Sep, 30, 2021 — CALIFORNIA LITHUANIAN CREDIT UNION is a federally insured state chartered credit union headquartered in Santa Monica, CA with 1 branch location and about $163.45 million in total assets. Opened 53 years ago in 1969, CALIFORNIA LITHUANIAN CREDIT UNION has about 1,866 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CALIFORNIA LITHUANIAN CREDIT UNION |
|---|---|
| Address: (Main Office) | 2806 Santa Monica Blvd. Santa Monica, CA 90404 |
| Phone: | (310) 828-7095 |
| Fax: | (310) 828-0891 |
| Website: | http://www.clcu.org |
| Branches: | 1 branch locations |
| Members: | 1,866 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 64834 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1969 |
| Last Audited: | Dec 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $163,445,179 |
| CEO/Manager: | Dainius Vaidila |
| Chairperson: | Albinas Markevicius |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 61,860,856 |
| TOTAL INVESTMENTS | 19,501,154 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 80,968,695 |
| Unsecured Loans | 45,162 |
| Other Loans | 359,985 |
| TOTAL LOANS | 81,383,567 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -585,997 |
| Land And Building | 0 |
| Other Fixed Assets | 7,767 |
| NCUSIF Deposit | 964,402 |
| All Other Assets | 313,430 |
| TOTAL ASSETS | 163,445,179 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 347,894 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 68,900 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,077,475 |
| Regular shares | 82,441,759 |
| All Other Shares & Deposits | 47,709,260 |
| TOTAL SHARES & DEPOSITS | 139,228,494 |
| TOTAL LIABILITIES | 139,645,288 |
| Regular Reserve | 534,834 |
| Other Reserves | 236,030 |
| Undivided Earnings | 23,029,027 |
| TOTAL EQUITY | 23,799,891 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 163,445,179 |
| INCOME & EXPENSE | |
| Loan Income | 2,575,487 |
| Investment Income | 246,118 |
| Other Income | 24,320 |
| Total Employee Compensation & Benefits | 505,662 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 249,993 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 892,728 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,207,573 |
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