Sep, 30, 2025 — MERIWEST CREDIT UNION is a federally insured state chartered credit union headquartered in SAN JOSE, CA with 11 branch locations and about $2.13 billion in total assets. Opened 65 years ago in 1961, MERIWEST CREDIT UNION has about 77,409 members and employs 225 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MERIWEST CREDIT UNION |
|---|---|
| Address: (Main Office) | 5615 Chesbro Ave SAN JOSE, CA 95123-3046 |
| Phone: | (408) 972-5222 |
| Fax: | (408) 363-3298 |
| Website: | https://www.meriwest.com |
| Branches: | 11 branch locations |
| Members: | 77,409 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68394 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | Sep 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,131,349,413 |
| CEO/Manager: | Lisa Pesta |
| Chairperson: | Arthur Jue |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 130,470,702 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 366,000 |
| Real Estate Loans | 1,317,952,262 |
| Unsecured Loans | 27,351,194 |
| Other Loans | 286,958,833 |
| TOTAL LOANS | 1,632,262,289 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -11,295,501 |
| Land And Building | 5,288,201 |
| Other Fixed Assets | 9,564,630 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 14,878,039 |
| All Other Assets | 605,477 |
| TOTAL ASSETS | 2,131,349,413 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 210,833 |
| Notes & Interest Payable | 235,000,000 |
| Accounts Payable & Other Liabilities | 25,305,323 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 398,257,902 |
| Regular shares | 459,287,418 |
| All Other Shares & Deposits | 837,200,373 |
| TOTAL SHARES & DEPOSITS | 1,694,745,693 |
| TOTAL LIABILITIES | 1,955,480,349 |
| Regular Reserve | 0 |
| Other Reserves | 4,380,017 |
| Undivided Earnings | 171,489,047 |
| TOTAL EQUITY | 175,869,064 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,131,349,413 |
| INCOME & EXPENSE | |
| Loan Income | 60,168,613 |
| Investment Income | 10,512,900 |
| Other Income | 1,174,377 |
| Total Employee Compensation & Benefits | 28,364,566 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 15,057,558 |
| Non-operating Income & (Expense) | -2,447,008 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,223,263 |
| Cost of Funds | 30,385,716 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,109,699 |
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