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 |
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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 |
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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 |
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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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