Jun, 30, 2024 — UPWARD CREDIT UNION is a federally insured state chartered credit union headquartered in BURLINGAME, CA with 3 branch locations and about $95.43 million in total assets. Opened 68 years ago in 1956, UPWARD CREDIT UNION has about 4,588 members and employs 15 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: | 3 branch locations |
Members: | 4,588 |
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, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $95,433,919 |
CEO/Manager: | Jason Mertz-Prickett |
Chairperson: | Annie Miller |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,341,737 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 28,708,710 |
Unsecured Loans | 4,312,619 |
Other Loans | 10,356,408 |
TOTAL LOANS | 43,377,737 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -46,332 |
Land And Building | 0 |
Other Fixed Assets | 849,519 |
NCUSIF Deposit | 848,866 |
All Other Assets | 0 |
TOTAL ASSETS | 95,433,919 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,231,811 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 18,590,938 |
Regular shares | 45,997,911 |
All Other Shares & Deposits | 23,382,959 |
TOTAL SHARES & DEPOSITS | 87,971,808 |
TOTAL LIABILITIES | 89,203,619 |
Regular Reserve | 0 |
Other Reserves | -42,938 |
Undivided Earnings | 6,273,238 |
TOTAL EQUITY | 6,230,300 |
TOTAL LIABILITIES, SHARES, & EQUITY | 95,433,919 |
INCOME & EXPENSE | |
Loan Income | 1,371,694 |
Investment Income | 355,359 |
Other Income | 554,500 |
Total Employee Compensation & Benefits | 1,211,269 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,072,401 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -1,500 |
Cost of Funds | 70,236 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 3,017 |
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