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MY CREDIT UNION

Jun, 30, 2021 — MY CREDIT UNION is a federally insured state chartered credit union headquartered in REDWOOD CITY, CA with 1 branch location and about $35.15 million in total assets. Opened 58 years ago in 1963, MY CREDIT UNION has about 1,960 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:MY CREDIT UNION
Address:
(Main Office)
510 VETERANS BLVD STE B
REDWOOD CITY, CA 94063
Phone:(650) 366-5522
Fax:(650) 366-5522
Website:http://www.usemycu.org
Branches:1 branch locations
Members:1,960
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:68446
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1963
Last Audited:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$35,149,002
CEO/Manager:Alex Casillas
Chairperson:Rick Ostiller

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,777,022
TOTAL INVESTMENTS 11,793,570
Loans Held for Sale 0
 
 Real Estate Loans 11,588,874
 Unsecured Loans 1,892,475
 Other Loans 4,358,854
 TOTAL LOANS 17,840,203
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -103,634
 Land And Building 0
 Other Fixed Assets 49,619
 NCUSIF Deposit 292,035
 All Other Assets 500,187
  TOTAL ASSETS 35,149,002
LIABILITIES & CAPITAL:  
 Dividends Payable 246
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 142,584
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 11,024,903
 Regular shares 13,967,765
 All Other Shares & Deposits 7,585,744
  TOTAL SHARES & DEPOSITS 32,578,412
  TOTAL LIABILITIES 32,721,242
 Regular Reserve 2,100,634
 Other Reserves 0
 Undivided Earnings 327,126
  TOTAL EQUITY 2,427,760
  TOTAL LIABILITIES, SHARES, & EQUITY 35,149,002
INCOME & EXPENSE  
 Loan Income 396,478
 Investment Income 53,303
 Other Income 73,840
 Total Employee Compensation & Benefits 245,050
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 394,028
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 22,000
 Cost of Funds 3,113
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -127,662
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