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MY CREDIT UNION

Sep, 30, 2021 — MY CREDIT UNION is a federally insured state chartered credit union headquartered in REDWOOD CITY, CA with 1 branch location and about $37.46 million in total assets. Opened 59 years ago in 1963, MY CREDIT UNION has about 1,819 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:1,819
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:$37,462,295
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 5,384,872
TOTAL INVESTMENTS 15,367,570
Loans Held for Sale 0
 
 Real Estate Loans 10,532,433
 Unsecured Loans 1,478,969
 Other Loans 4,020,968
 TOTAL LOANS 16,032,370
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -108,086
 Land And Building 0
 Other Fixed Assets 36,724
 NCUSIF Deposit 292,035
 All Other Assets 456,810
  TOTAL ASSETS 37,462,295
LIABILITIES & CAPITAL:  
 Dividends Payable 205
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 187,293
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 12,025,885
 Regular shares 15,268,974
 All Other Shares & Deposits 7,638,250
  TOTAL SHARES & DEPOSITS 34,933,109
  TOTAL LIABILITIES 35,120,607
 Regular Reserve 2,100,634
 Other Reserves 0
 Undivided Earnings 241,054
  TOTAL EQUITY 2,341,688
  TOTAL LIABILITIES, SHARES, & EQUITY 37,462,295
INCOME & EXPENSE  
 Loan Income 567,455
 Investment Income 79,968
 Other Income 109,875
 Total Employee Compensation & Benefits 353,141
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 599,849
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 36,000
 Cost of Funds 4,325
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -213,734
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