Dec, 31, 2022 — KEYPOINT CREDIT UNION is a federally insured state chartered credit union headquartered in SAN JOSE, CA with 7 branch locations and about $1.81 billion in total assets. Opened 44 years ago in 1979, KEYPOINT CREDIT UNION has about 61,876 members and employs 188 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: | 61,876 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,810,756,069 |
| CEO/Manager: | T. Bradford Canfield |
| Chairperson: | Marsha Poenish |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 115,944,753 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 12,156,145 |
| Real Estate Loans | 978,913,656 |
| Unsecured Loans | 133,582,135 |
| Other Loans | 257,563,850 |
| TOTAL LOANS | 1,370,331,205 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,585,014 |
| Land And Building | 16,922,502 |
| Other Fixed Assets | 4,006,296 |
| NCUSIF Deposit | 10,934,527 |
| All Other Assets | 155,161 |
| TOTAL ASSETS | 1,810,756,069 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 304,000,000 |
| Accounts Payable & Other Liabilities | 27,619,010 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 126,350,087 |
| Regular shares | 872,149,533 |
| All Other Shares & Deposits | 364,243,991 |
| TOTAL SHARES & DEPOSITS | 1,362,743,611 |
| TOTAL LIABILITIES | 1,694,362,621 |
| Regular Reserve | 0 |
| Other Reserves | -28,513,324 |
| Undivided Earnings | 144,906,772 |
| TOTAL EQUITY | 116,393,448 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,810,756,069 |
| INCOME & EXPENSE | |
| Loan Income | 34,275,206 |
| Investment Income | 7,067,299 |
| Other Income | 2,693,588 |
| Total Employee Compensation & Benefits | 18,423,272 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 14,609,492 |
| Non-operating Income & (Expense) | -5,832 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,160,000 |
| Cost of Funds | 6,973,579 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 5,649,051 |
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