Dec, 31, 2020 — CALIFORNIA AGRIBUSINESS CREDIT UNION is a federally insured state chartered credit union headquartered in Buena Park, CA with 3 branch locations and about $27.83 million in total assets. Opened 85 years ago in 1936, CALIFORNIA AGRIBUSINESS CREDIT UNION has about 3,535 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CALIFORNIA AGRIBUSINESS CREDIT UNION |
|---|---|
| Address: (Main Office) | 6281 Beach Blvd., Suite 87 Buena Park, CA 90621 |
| Phone: | (714) 690-4865 |
| Fax: | (714) 690-4863 |
| Website: | http://www.calagcu.org |
| Branches: | 3 branch locations |
| Members: | 3,535 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68052 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Sep 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $27,830,146 |
| CEO/Manager: | Angel Hernandez |
| Chairperson: | Daniel J McCarrel |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,311,428 |
| TOTAL INVESTMENTS | 11,910,105 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,322,337 |
| Unsecured Loans | 3,205,239 |
| Other Loans | 8,562,135 |
| TOTAL LOANS | 13,089,711 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -72,598 |
| Land And Building | 0 |
| Other Fixed Assets | 13,111 |
| NCUSIF Deposit | 240,417 |
| All Other Assets | 337,972 |
| TOTAL ASSETS | 27,830,146 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 24,793 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,779,265 |
| Regular shares | 14,812,452 |
| All Other Shares & Deposits | 7,457,570 |
| TOTAL SHARES & DEPOSITS | 25,049,287 |
| TOTAL LIABILITIES | 25,074,080 |
| Regular Reserve | 2,029,711 |
| Other Reserves | 209,085 |
| Undivided Earnings | 517,270 |
| TOTAL EQUITY | 2,756,066 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 27,830,146 |
| INCOME & EXPENSE | |
| Loan Income | 675,798 |
| Investment Income | 260,887 |
| Other Income | 153,965 |
| Total Employee Compensation & Benefits | 350,161 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 603,695 |
| Non-operating Income & (Expense) | -10 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 32,675 |
| Cost of Funds | 96,015 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 8,094 |
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