Dec, 31, 2023 — PREMIER AMERICA CREDIT UNION is a federally insured state chartered credit union headquartered in CHATSWORTH, CA with 22 branch locations and about $3.47 billion in total assets. Opened 67 years ago in 1957, PREMIER AMERICA CREDIT UNION has about 110,927 members and employs 428 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PREMIER AMERICA CREDIT UNION |
|---|---|
| Address: (Main Office) | 19867 Prairie St CHATSWORTH, CA 91311-6532 |
| Phone: | (800) 772-4000 |
| Fax: | (818) 772-4101 |
| Website: | https://www.premieramerica.com |
| Branches: | 22 branch locations |
| Members: | 110,927 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68428 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $3,473,581,690 |
| CEO/Manager: | Rudy J Pereira |
| Chairperson: | Gary L Holmen |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 118,386,542 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,518,397,508 |
| Unsecured Loans | 62,325,230 |
| Other Loans | 377,908,733 |
| TOTAL LOANS | 2,958,631,471 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -26,955,738 |
| Land And Building | 9,208,695 |
| Other Fixed Assets | 9,101,444 |
| NCUSIF Deposit | 28,566,348 |
| All Other Assets | 2,806,319 |
| TOTAL ASSETS | 3,473,581,690 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 280,000,000 |
| Accounts Payable & Other Liabilities | 24,127,730 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 420,868,892 |
| Regular shares | 543,181,025 |
| All Other Shares & Deposits | 1,895,432,114 |
| TOTAL SHARES & DEPOSITS | 2,859,482,032 |
| TOTAL LIABILITIES | 3,163,609,762 |
| Regular Reserve | 0 |
| Other Reserves | 37,257,016 |
| Undivided Earnings | 272,714,912 |
| TOTAL EQUITY | 309,971,928 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,473,581,690 |
| INCOME & EXPENSE | |
| Loan Income | 130,466,355 |
| Investment Income | 13,234,873 |
| Other Income | 4,195,397 |
| Total Employee Compensation & Benefits | 46,947,267 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 34,867,153 |
| Non-operating Income & (Expense) | -206,587 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,340,000 |
| Cost of Funds | 63,106,357 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 7,971,209 |
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» See also Statement of Financial Condition