Dec, 31, 2020 — KEYPOINT CREDIT UNION is a federally insured state chartered credit union headquartered in Santa Clara, CA with 7 branch locations and about $1.50 billion in total assets. Opened 42 years ago in 1979, KEYPOINT CREDIT UNION has about 59,863 members and employs 177 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: | 59,863 |
| 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, 2019 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,496,366,358 |
| CEO/Manager: | T. Bradford Canfield |
| Chairperson: | Baljinder Sandhu |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 136,131,861 |
| TOTAL INVESTMENTS | 272,040,762 |
| Loans Held for Sale | 2,574,289 |
| Real Estate Loans | 818,902,481 |
| Unsecured Loans | 47,525,182 |
| Other Loans | 164,579,159 |
| TOTAL LOANS | 1,031,180,683 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,067,424 |
| Land And Building | 10,327,028 |
| Other Fixed Assets | 5,452,541 |
| NCUSIF Deposit | 9,814,691 |
| All Other Assets | 31,911,927 |
| TOTAL ASSETS | 1,496,366,358 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 139,000,000 |
| Accounts Payable & Other Liabilities | 20,344,002 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 97,213,870 |
| Regular shares | 764,062,643 |
| All Other Shares & Deposits | 361,882,714 |
| TOTAL SHARES & DEPOSITS | 1,223,159,227 |
| TOTAL LIABILITIES | 1,382,503,229 |
| Regular Reserve | 2,756,230 |
| Other Reserves | 2,509,576 |
| Undivided Earnings | 108,597,323 |
| TOTAL EQUITY | 113,863,129 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,496,366,358 |
| INCOME & EXPENSE | |
| Loan Income | 37,426,358 |
| Investment Income | 3,911,299 |
| Other Income | 10,621,323 |
| Total Employee Compensation & Benefits | 22,095,706 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 16,732,612 |
| Non-operating Income & (Expense) | 36,348 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,737,000 |
| Cost of Funds | 6,619,476 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,810,534 |
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