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National Credit Union Service Organization

PROVIDENT CREDIT UNION

Jun, 30, 2021 — PROVIDENT CREDIT UNION is a federally insured state chartered credit union headquartered in REDWOOD CITY, CA with 23 branch locations and about $3.42 billion in total assets. Opened 71 years ago in 1950, PROVIDENT CREDIT UNION has about 129,946 members and employs 359 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 321171731
Name:PROVIDENT CREDIT UNION
Address:
(Main Office)
303 TWIN DOLPHIN DRIVE
REDWOOD CITY, CA 94065
Phone:(650) 508-0300
Fax:(650) 508-7284
Website:http://providentcu.org
Branches:23 branch locations
Members:129,946
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$3,424,245,512
CEO/Manager:James Ernest
Chairperson:David Pelzner

Call Report

  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 563,777,490
TOTAL INVESTMENTS 937,979,224
Loans Held for Sale 7,492,650
 
 Real Estate Loans 1,442,088,495
 Unsecured Loans 48,640,431
 Other Loans 340,865,292
 TOTAL LOANS 1,831,594,218
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -11,064,919
 Land And Building 23,236,787
 Other Fixed Assets 10,815,730
 NCUSIF Deposit 25,510,759
 All Other Assets 34,903,573
  TOTAL ASSETS 3,424,245,512
LIABILITIES & CAPITAL:  
 Dividends Payable 110,524
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 30,066,323
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 200,367,192
 Regular shares 1,609,307,956
 All Other Shares & Deposits 1,238,693,044
  TOTAL SHARES & DEPOSITS 3,048,368,192
  TOTAL LIABILITIES 3,078,545,039
 Regular Reserve 30,856,369
 Other Reserves 1,632,223
 Undivided Earnings 313,211,881
  TOTAL EQUITY 345,700,473
  TOTAL LIABILITIES, SHARES, & EQUITY 3,424,245,512
INCOME & EXPENSE  
 Loan Income 31,953,798
 Investment Income 3,259,064
 Other Income 4,691,991
 Total Employee Compensation & Benefits 23,861,094
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 23,361,466
 Non-operating Income & (Expense) 2,390,614
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -37,466
 Cost of Funds 6,282,413
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 7,639,126
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