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MY CREDIT UNION

Mar, 31, 2022 — 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 59 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:http://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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