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MY CREDIT UNION

Jun, 30, 2023 — MY CREDIT UNION is a federally insured state chartered credit union headquartered in REDWOOD CITY, CA with 1 branch location and about $37.06 million in total assets. Opened 61 years ago in 1963, MY CREDIT UNION has about 1,782 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:https://www.usemycu.org
Branches:1 branch locations
Members:1,782
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$37,056,796
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 3,861,185
TOTAL INVESTMENTS 18,552,570
Loans Held for Sale 0
 
 Real Estate Loans 8,931,515
 Unsecured Loans 1,438,063
 Other Loans 3,534,932
 TOTAL LOANS 13,904,510
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -96,516
 Land And Building 0
 Other Fixed Assets 25,096
 NCUSIF Deposit 292,035
 All Other Assets 517,916
  TOTAL ASSETS 37,056,796
LIABILITIES & CAPITAL:  
 Dividends Payable 193
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 214,946
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 11,513,366
 Regular shares 15,062,888
 All Other Shares & Deposits 7,885,153
  TOTAL SHARES & DEPOSITS 34,461,407
  TOTAL LIABILITIES 34,676,546
 Regular Reserve 2,100,634
 Other Reserves 0
 Undivided Earnings 279,616
  TOTAL EQUITY 2,380,250
  TOTAL LIABILITIES, SHARES, & EQUITY 37,056,796
INCOME & EXPENSE  
 Loan Income 714,995
 Investment Income 105,358
 Other Income 147,205
 Total Employee Compensation & Benefits 347,724
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 853,874
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 74,000
 Cost of Funds 5,440
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -175,172
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— The information found on this website is provided “AS IS”. We do not verify or guarantee its accuracy or validity. Please contact the credit union directly for any specific questions you may have regarding services and/or features. Visit NCUA.gov or MyCreditUnion.gov for more information regarding credit unions.