Dec, 31, 2021 — KEYPOINT CREDIT UNION is a federally insured state chartered credit union headquartered in SANTA CLARA, CA with 7 branch locations and about $1.64 billion in total assets. Opened 43 years ago in 1979, KEYPOINT CREDIT UNION has about 59,046 members and employs 182 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | KEYPOINT CREDIT UNION |
|---|---|
| Address: (Main Office) | 2805 Bowers Ave SANTA CLARA, CA 95051 |
| Phone: | (408) 731-4100 |
| Fax: | (408) 727-1959 |
| Website: | https://www.kpcu.com |
| Branches: | 7 branch locations |
| Members: | 59,046 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 65299 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1979 |
| Last Audited: | Dec 01, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,639,066,357 |
| CEO/Manager: | T. Bradford Canfield |
| Chairperson: | Marsha Poenish |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 194,095,042 |
| TOTAL INVESTMENTS | 270,877,479 |
| Loans Held for Sale | 10,048,276 |
| Real Estate Loans | 817,883,983 |
| Unsecured Loans | 90,769,463 |
| Other Loans | 201,118,889 |
| TOTAL LOANS | 1,109,889,301 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,953,589 |
| Land And Building | 7,905,944 |
| Other Fixed Assets | 4,143,606 |
| NCUSIF Deposit | 10,494,942 |
| All Other Assets | 35,565,356 |
| TOTAL ASSETS | 1,639,066,357 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 109,000,000 |
| Accounts Payable & Other Liabilities | 16,709,646 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 106,530,326 |
| Regular shares | 896,951,672 |
| All Other Shares & Deposits | 374,388,642 |
| TOTAL SHARES & DEPOSITS | 1,377,870,640 |
| TOTAL LIABILITIES | 1,503,580,286 |
| Regular Reserve | 2,756,230 |
| Other Reserves | -3,771,649 |
| Undivided Earnings | 136,501,490 |
| TOTAL EQUITY | 135,486,071 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,639,066,357 |
| INCOME & EXPENSE | |
| Loan Income | 34,771,616 |
| Investment Income | 4,278,855 |
| Other Income | 3,129,666 |
| Total Employee Compensation & Benefits | 25,079,215 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 18,779,171 |
| Non-operating Income & (Expense) | 25,857,344 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,110,000 |
| Cost of Funds | 5,555,568 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 28,700,457 |
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