Dec, 31, 2021 — UPWARD CREDIT UNION is a federally insured state chartered credit union headquartered in BURLINGAME, CA with 2 branch locations and about $102.01 million in total assets. Opened 66 years ago in 1956, UPWARD CREDIT UNION has about 4,593 members and employs 16 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | UPWARD CREDIT UNION |
|---|---|
| Address: (Main Office) | 1860 El Camino Real Ste 100 BURLINGAME, CA 94010-3106 |
| Phone: | (650) 231-1300 |
| Fax: | (650) 231-1310 |
| Website: | https://www.upwardcu.org |
| Branches: | 2 branch locations |
| Members: | 4,593 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 65323 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Mar 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $102,007,793 |
| CEO/Manager: | Linda White |
| Chairperson: | Annie Miller |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 11,124,792 |
| TOTAL INVESTMENTS | 48,306,705 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 28,051,008 |
| Unsecured Loans | 3,212,980 |
| Other Loans | 8,694,017 |
| TOTAL LOANS | 39,958,005 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -68,943 |
| Land And Building | 0 |
| Other Fixed Assets | 199,988 |
| NCUSIF Deposit | 825,431 |
| All Other Assets | 1,661,815 |
| TOTAL ASSETS | 102,007,793 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 477,913 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 17,518,811 |
| Regular shares | 50,255,204 |
| All Other Shares & Deposits | 25,206,592 |
| TOTAL SHARES & DEPOSITS | 92,980,607 |
| TOTAL LIABILITIES | 93,458,520 |
| Regular Reserve | 593,857 |
| Other Reserves | 1,685,195 |
| Undivided Earnings | 6,270,221 |
| TOTAL EQUITY | 8,549,273 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 102,007,793 |
| INCOME & EXPENSE | |
| Loan Income | 1,817,500 |
| Investment Income | 459,781 |
| Other Income | 643,845 |
| Total Employee Compensation & Benefits | 1,543,127 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,304,181 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -66,000 |
| Cost of Funds | 147,396 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 87,797 |
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