Jun, 30, 2021 — UPWARD CREDIT UNION is a federally insured state chartered credit union headquartered in Burlingame, CA with 3 branch locations and about $96.71 million in total assets. Opened 65 years ago in 1956, UPWARD CREDIT UNION has about 4,630 members and employs 17 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: | http://www.upwardcu.org |
| Branches: | 3 branch locations |
| Members: | 4,630 |
| 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: | $96,712,751 |
| CEO/Manager: | Linda White |
| Chairperson: | Annie Oliveto |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 11,454,118 |
| TOTAL INVESTMENTS | 44,012,705 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 26,849,801 |
| Unsecured Loans | 2,987,225 |
| Other Loans | 8,600,815 |
| TOTAL LOANS | 38,437,841 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -99,506 |
| Land And Building | 0 |
| Other Fixed Assets | 231,605 |
| NCUSIF Deposit | 783,281 |
| All Other Assets | 1,892,707 |
| TOTAL ASSETS | 96,712,751 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 783,021 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 17,635,993 |
| Regular shares | 46,398,053 |
| All Other Shares & Deposits | 23,107,488 |
| TOTAL SHARES & DEPOSITS | 87,141,534 |
| TOTAL LIABILITIES | 87,924,555 |
| Regular Reserve | 593,857 |
| Other Reserves | 1,964,400 |
| Undivided Earnings | 6,229,939 |
| TOTAL EQUITY | 8,788,196 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 96,712,751 |
| INCOME & EXPENSE | |
| Loan Income | 918,189 |
| Investment Income | 232,109 |
| Other Income | 300,276 |
| Total Employee Compensation & Benefits | 755,152 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 637,083 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -34,000 |
| Cost of Funds | 88,987 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 47,516 |
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