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 |
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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 |
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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 |
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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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