Mar, 31, 2021 — KEYPOINT CREDIT UNION is a federally insured state chartered credit union headquartered in Santa Clara, CA with 6 branch locations and about $1.63 billion in total assets. Opened 42 years ago in 1979, KEYPOINT CREDIT UNION has about 59,781 members and employs 180 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: | 6 branch locations |
| Members: | 59,781 |
| 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: | $1,630,975,658 |
| CEO/Manager: | T. Bradford Canfield |
| Chairperson: | Baljinder Sandhu |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 145,589,590 |
| TOTAL INVESTMENTS | 383,458,309 |
| Loans Held for Sale | 4,800,504 |
| Real Estate Loans | 844,709,544 |
| Unsecured Loans | 59,675,653 |
| Other Loans | 147,665,070 |
| TOTAL LOANS | 1,052,177,984 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,931,934 |
| Land And Building | 0 |
| Other Fixed Assets | 5,061,665 |
| NCUSIF Deposit | 9,814,691 |
| All Other Assets | 33,004,849 |
| TOTAL ASSETS | 1,630,975,658 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 139,000,000 |
| Accounts Payable & Other Liabilities | 43,449,321 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 106,616,649 |
| Regular shares | 833,089,646 |
| All Other Shares & Deposits | 370,528,927 |
| TOTAL SHARES & DEPOSITS | 1,310,235,222 |
| TOTAL LIABILITIES | 1,492,684,543 |
| Regular Reserve | 2,756,230 |
| Other Reserves | 163,494 |
| Undivided Earnings | 135,371,391 |
| TOTAL EQUITY | 138,291,115 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,630,975,658 |
| INCOME & EXPENSE | |
| Loan Income | 8,767,118 |
| Investment Income | 810,765 |
| Other Income | 749,541 |
| Total Employee Compensation & Benefits | 6,298,089 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,191,952 |
| Non-operating Income & (Expense) | 25,866,672 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 280,000 |
| Cost of Funds | 1,325,683 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 26,774,066 |
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