Dec, 31, 2023 — KEYPOINT CREDIT UNION is a federally insured state chartered credit union headquartered in SAN JOSE, CA with 7 branch locations and about $1.68 billion in total assets. Opened 45 years ago in 1979, KEYPOINT CREDIT UNION has about 53,272 members and employs 181 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) | 2150 Trade Zone Blvd SAN JOSE, CA 95131-1730 |
| Phone: | (408) 731-4100 |
| Fax: | (408) 727-1959 |
| Website: | https://www.kpcu.com |
| Branches: | 7 branch locations |
| Members: | 53,272 |
| 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, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,679,604,449 |
| CEO/Manager: | T. Bradford Canfield |
| Chairperson: | Gary Garcia |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 103,432,223 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 952,255,869 |
| Unsecured Loans | 99,385,144 |
| Other Loans | 243,692,912 |
| TOTAL LOANS | 1,295,626,213 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -15,167,562 |
| Land And Building | 17,990,931 |
| Other Fixed Assets | 3,499,012 |
| NCUSIF Deposit | 10,694,236 |
| All Other Assets | 352,802 |
| TOTAL ASSETS | 1,679,604,449 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 20,753 |
| Notes & Interest Payable | 230,000,000 |
| Accounts Payable & Other Liabilities | 23,100,455 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 492,986,363 |
| Regular shares | 240,258,923 |
| All Other Shares & Deposits | 583,847,056 |
| TOTAL SHARES & DEPOSITS | 1,317,092,342 |
| TOTAL LIABILITIES | 1,570,963,155 |
| Regular Reserve | 0 |
| Other Reserves | -30,565,160 |
| Undivided Earnings | 139,206,454 |
| TOTAL EQUITY | 108,641,294 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,679,604,449 |
| INCOME & EXPENSE | |
| Loan Income | 56,309,164 |
| Investment Income | 10,186,712 |
| Other Income | 3,744,422 |
| Total Employee Compensation & Benefits | 24,994,035 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 18,784,730 |
| Non-operating Income & (Expense) | -28,445 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,456,084 |
| Cost of Funds | 22,553,529 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 5,504,893 |
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