Jun, 30, 2024 — EXCITE CREDIT UNION is a federally insured state chartered credit union headquartered in SAN JOSE, CA with 5 branch locations and about $715.28 million in total assets. Opened 72 years ago in 1952, EXCITE CREDIT UNION has about 44,394 members and employs 117 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | EXCITE CREDIT UNION |
|---|---|
| Address: (Main Office) | 151 Bernal Rd SAN JOSE, CA 95119-1306 |
| Phone: | (408) 265-7322 |
| Fax: | |
| Website: | https://www.excitecu.org |
| Branches: | 5 branch locations |
| Members: | 44,394 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68441 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Jun 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $715,282,684 |
| CEO/Manager: | Brian Dorcy |
| Chairperson: | Donna Rhody |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 16,222,538 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 258,237,060 |
| Unsecured Loans | 38,744,658 |
| Other Loans | 230,271,314 |
| TOTAL LOANS | 527,253,032 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,245,208 |
| Land And Building | 15,763,278 |
| Other Fixed Assets | 3,918,553 |
| NCUSIF Deposit | 5,760,131 |
| All Other Assets | 242,837 |
| TOTAL ASSETS | 715,282,684 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 67,500,000 |
| Accounts Payable & Other Liabilities | 3,479,026 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 159,336,179 |
| Regular shares | 234,377,005 |
| All Other Shares & Deposits | 209,946,651 |
| TOTAL SHARES & DEPOSITS | 603,659,835 |
| TOTAL LIABILITIES | 674,638,861 |
| Regular Reserve | 0 |
| Other Reserves | -14,619,702 |
| Undivided Earnings | 55,263,525 |
| TOTAL EQUITY | 40,643,823 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 715,282,684 |
| INCOME & EXPENSE | |
| Loan Income | 13,992,239 |
| Investment Income | 1,532,552 |
| Other Income | 2,244,178 |
| Total Employee Compensation & Benefits | 8,217,989 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 8,862,250 |
| Non-operating Income & (Expense) | 60,867 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,249,654 |
| Cost of Funds | 1,499,206 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,080,617 |
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