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MY CREDIT UNION

Dec, 31, 2020 — MY CREDIT UNION is a federally insured state chartered credit union headquartered in REDWOOD CITY, CA with 1 branch location and about $34.11 million in total assets. Opened 58 years ago in 1963, MY CREDIT UNION has about 2,131 members and employs 6 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:2,131
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:$34,108,303
CEO/Manager:Alex Casillas
Chairperson:Rick Ostiller

Call Report

  • Commercial Loans
  • Indirect Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Pay Day Loans
  • Real Estate Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,027,603
TOTAL INVESTMENTS 8,803,570
Loans Held for Sale 0
 
 Real Estate Loans 13,844,020
 Unsecured Loans 2,203,120
 Other Loans 5,423,092
 TOTAL LOANS 21,470,232
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -120,144
 Land And Building 0
 Other Fixed Assets 73,726
 NCUSIF Deposit 269,324
 All Other Assets 583,992
  TOTAL ASSETS 34,108,303
LIABILITIES & CAPITAL:  
 Dividends Payable 237
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 92,827
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 10,856,066
 Regular shares 13,010,182
 All Other Shares & Deposits 7,593,569
  TOTAL SHARES & DEPOSITS 31,459,817
  TOTAL LIABILITIES 31,552,881
 Regular Reserve 2,100,634
 Other Reserves 0
 Undivided Earnings 454,788
  TOTAL EQUITY 2,555,422
  TOTAL LIABILITIES, SHARES, & EQUITY 34,108,303
INCOME & EXPENSE  
 Loan Income 873,123
 Investment Income 175,091
 Other Income 203,155
 Total Employee Compensation & Benefits 519,203
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 802,168
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 116,130
 Cost of Funds 7,944
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -194,076
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