Dec, 31, 2023 — UPWARD CREDIT UNION is a federally insured state chartered credit union headquartered in BURLINGAME, CA with 3 branch locations and about $94.18 million in total assets. Opened 68 years ago in 1956, UPWARD CREDIT UNION has about 4,619 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 |
|---|---|
| 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: | 4,619 |
| 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, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $94,183,458 |
| CEO/Manager: | Jason Mertz-Prickett |
| Chairperson: | Annie Miller |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,987,763 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 31,423,262 |
| Unsecured Loans | 4,158,855 |
| Other Loans | 13,073,863 |
| TOTAL LOANS | 48,655,979 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -184,180 |
| Land And Building | 0 |
| Other Fixed Assets | 558,742 |
| NCUSIF Deposit | 785,591 |
| All Other Assets | 0 |
| TOTAL ASSETS | 94,183,458 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,152,212 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 16,884,483 |
| Regular shares | 39,068,459 |
| All Other Shares & Deposits | 29,610,955 |
| TOTAL SHARES & DEPOSITS | 85,563,897 |
| TOTAL LIABILITIES | 86,716,109 |
| Regular Reserve | 0 |
| Other Reserves | 922,590 |
| Undivided Earnings | 6,544,759 |
| TOTAL EQUITY | 7,467,349 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 94,183,458 |
| INCOME & EXPENSE | |
| Loan Income | 2,417,815 |
| Investment Income | 580,610 |
| Other Income | 399,545 |
| Total Employee Compensation & Benefits | 1,481,291 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,548,969 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 124,093 |
| Cost of Funds | 469,696 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 263,196 |
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