Sep, 30, 2025 — PROVIDENT CREDIT UNION is a federally insured state chartered credit union headquartered in REDWOOD CITY, CA with 23 branch locations and about $3.62 billion in total assets. Opened 76 years ago in 1950, PROVIDENT CREDIT UNION has about 135,577 members and employs 329 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PROVIDENT CREDIT UNION |
|---|---|
| Address: (Main Office) | 303 Twin Dolphin Dr REDWOOD CITY, CA 94065-1497 |
| Phone: | (650) 508-0300 |
| Fax: | (650) 508-7284 |
| Website: | https://www.providentcu.org |
| Branches: | 23 branch locations |
| Members: | 135,577 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66343 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $3,616,856,304 |
| CEO/Manager: | James Ernest |
| Chairperson: | Samuel Johnson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 365,025,775 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 770,000 |
| Real Estate Loans | 2,382,871,030 |
| Unsecured Loans | 50,766,448 |
| Other Loans | 316,540,929 |
| TOTAL LOANS | 2,750,178,405 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -11,643,663 |
| Land And Building | 20,044,926 |
| Other Fixed Assets | 5,567,810 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 25,867,385 |
| All Other Assets | 157,798 |
| TOTAL ASSETS | 3,616,856,304 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,497,532 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 57,191,372 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 181,692,288 |
| Regular shares | 1,262,344,653 |
| All Other Shares & Deposits | 1,737,872,979 |
| TOTAL SHARES & DEPOSITS | 3,181,909,921 |
| TOTAL LIABILITIES | 3,242,090,388 |
| Regular Reserve | 0 |
| Other Reserves | 1,899,361 |
| Undivided Earnings | 372,866,555 |
| TOTAL EQUITY | 374,765,916 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,616,856,304 |
| INCOME & EXPENSE | |
| Loan Income | 89,681,078 |
| Investment Income | 21,071,450 |
| Other Income | 4,856,293 |
| Total Employee Compensation & Benefits | 36,530,803 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 35,843,479 |
| Non-operating Income & (Expense) | 1,624,882 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,604,966 |
| Cost of Funds | 43,848,843 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 12,141,023 |
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