Dec, 31, 2021 — EXCITE CREDIT UNION is a federally insured state chartered credit union headquartered in SAN JOSE, CA with 4 branch locations and about $666.12 million in total assets. Opened 70 years ago in 1952, EXCITE CREDIT UNION has about 42,628 members and employs 119 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: | http://www.excitecu.org |
| Branches: | 4 branch locations |
| Members: | 42,628 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $666,115,498 |
| CEO/Manager: | Brian Dorcy |
| Chairperson: | Donna Rhody |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 65,209,440 |
| TOTAL INVESTMENTS | 149,174,135 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 187,963,535 |
| Unsecured Loans | 31,119,683 |
| Other Loans | 196,395,228 |
| TOTAL LOANS | 415,478,446 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,394,274 |
| Land And Building | 15,675,890 |
| Other Fixed Assets | 3,176,253 |
| NCUSIF Deposit | 5,649,231 |
| All Other Assets | 14,146,377 |
| TOTAL ASSETS | 666,115,498 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,487,999 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 162,826,822 |
| Regular shares | 223,660,798 |
| All Other Shares & Deposits | 226,351,472 |
| TOTAL SHARES & DEPOSITS | 612,839,092 |
| TOTAL LIABILITIES | 615,327,091 |
| Regular Reserve | 0 |
| Other Reserves | -1,394,501 |
| Undivided Earnings | 52,182,908 |
| TOTAL EQUITY | 50,788,407 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 666,115,498 |
| INCOME & EXPENSE | |
| Loan Income | 17,406,244 |
| Investment Income | 1,273,352 |
| Other Income | 2,721,767 |
| Total Employee Compensation & Benefits | 11,195,890 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 11,036,714 |
| Non-operating Income & (Expense) | 14,370 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,265,563 |
| Cost of Funds | 1,821,091 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,001,850 |
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