Jun, 30, 2024 — ALLUS CREDIT UNION is a federally insured state chartered credit union headquartered in SALINAS, CA with 1 branch location and about $50.27 million in total assets. Opened 74 years ago in 1950, ALLUS CREDIT UNION has about 3,874 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ALLUS CREDIT UNION |
|---|---|
| Address: (Main Office) | 1410 N Main St SALINAS, CA 93906 |
| Phone: | (831) 789-8000 |
| Fax: | (831) 758-9237 |
| Website: | https://www.alluscu.com |
| Branches: | 1 branch locations |
| Members: | 3,874 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 65113 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $50,272,464 |
| CEO/Manager: | Patrick B Redo |
| Chairperson: | Robert Vanderslice |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 26,562,391 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,004,979 |
| Unsecured Loans | 4,107,040 |
| Other Loans | 12,349,505 |
| TOTAL LOANS | 18,461,524 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -70,109 |
| Land And Building | 3,621,036 |
| Other Fixed Assets | 467,811 |
| NCUSIF Deposit | 432,345 |
| All Other Assets | 0 |
| TOTAL ASSETS | 50,272,464 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 312,100 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,430,317 |
| Regular shares | 22,752,099 |
| All Other Shares & Deposits | 12,778,152 |
| TOTAL SHARES & DEPOSITS | 44,960,568 |
| TOTAL LIABILITIES | 45,272,668 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 4,999,796 |
| TOTAL EQUITY | 4,999,796 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 50,272,464 |
| INCOME & EXPENSE | |
| Loan Income | 765,521 |
| Investment Income | 163,650 |
| Other Income | 284,184 |
| Total Employee Compensation & Benefits | 450,604 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 651,852 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -50,124 |
| Cost of Funds | 904,820 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -1,894,766 |
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