Jun, 30, 2024 — CREDIT UNION OF SOUTHERN CALIFORNIA (CU SOCAL) is a federally insured state chartered credit union headquartered in ANAHEIM, CA with 20 branch locations and about $2.38 billion in total assets. Opened 71 years ago in 1954, CREDIT UNION OF SOUTHERN CALIFORNIA (CU SOCAL) has about 133,085 members and employs 345 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CREDIT UNION OF SOUTHERN CALIFORNIA |
|---|---|
| Address: (Main Office) | 8101 E Kaiser Blvd ANAHEIM, CA 92808-2243 |
| Phone: | (562) 698-8326 |
| Fax: | (714) 671-2762 |
| Website: | https://www.cusocal.org |
| Branches: | 20 branch locations |
| Members: | 133,085 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68456 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Jun 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,382,350,470 |
| CEO/Manager: | Dave Gunderson |
| Chairperson: | Robyn Bjorklund |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 155,363,237 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 480,420 |
| Real Estate Loans | 873,413,319 |
| Unsecured Loans | 128,406,675 |
| Other Loans | 382,506,656 |
| TOTAL LOANS | 1,384,326,650 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -11,116,406 |
| Land And Building | 16,512,141 |
| Other Fixed Assets | 6,673,876 |
| NCUSIF Deposit | 19,332,806 |
| All Other Assets | 0 |
| TOTAL ASSETS | 2,382,350,470 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 250,000,000 |
| Accounts Payable & Other Liabilities | 31,126,306 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 420,553,897 |
| Regular shares | 852,392,116 |
| All Other Shares & Deposits | 726,870,309 |
| TOTAL SHARES & DEPOSITS | 1,999,816,322 |
| TOTAL LIABILITIES | 2,280,942,628 |
| Regular Reserve | 0 |
| Other Reserves | -116,901,666 |
| Undivided Earnings | 218,309,508 |
| TOTAL EQUITY | 101,407,842 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,382,350,470 |
| INCOME & EXPENSE | |
| Loan Income | 43,067,362 |
| Investment Income | 13,681,048 |
| Other Income | 8,969,447 |
| Total Employee Compensation & Benefits | 28,491,617 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 23,177,571 |
| Non-operating Income & (Expense) | 302,751 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 198,497 |
| Cost of Funds | 7,235,571 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 17,730,428 |
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