Dec, 31, 2022 — FIRST U.S. COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in SACRAMENTO, CA with 7 branch locations and about $532.56 million in total assets. Opened 87 years ago in 1936, FIRST U.S. COMMUNITY CREDIT UNION has about 27,484 members and employs 77 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FIRST U.S. COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 580 University Ave SACRAMENTO, CA 95825 |
| Phone: | (916) 576-5700 |
| Fax: | (916) 561-0345 |
| Website: | https://www.firstus.org |
| Branches: | 7 branch locations |
| Members: | 27,484 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68474 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Jun 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $532,564,738 |
| CEO/Manager: | Carol Hauck |
| Chairperson: | James Gomes |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 26,786,787 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 187,988,029 |
| Unsecured Loans | 6,520,330 |
| Other Loans | 116,575,009 |
| TOTAL LOANS | 311,096,452 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,239,083 |
| Land And Building | 2,346,386 |
| Other Fixed Assets | 854,099 |
| NCUSIF Deposit | 4,247,710 |
| All Other Assets | 124,223 |
| TOTAL ASSETS | 532,564,738 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 113,457 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 5,017,723 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 109,872,896 |
| Regular shares | 165,999,166 |
| All Other Shares & Deposits | 204,514,958 |
| TOTAL SHARES & DEPOSITS | 480,387,020 |
| TOTAL LIABILITIES | 485,518,200 |
| Regular Reserve | 0 |
| Other Reserves | -5,348,918 |
| Undivided Earnings | 52,395,456 |
| TOTAL EQUITY | 47,046,538 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 532,564,738 |
| INCOME & EXPENSE | |
| Loan Income | 8,183,749 |
| Investment Income | 2,176,510 |
| Other Income | 1,046,211 |
| Total Employee Compensation & Benefits | 4,879,675 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,726,972 |
| Non-operating Income & (Expense) | -16 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 587,391 |
| Cost of Funds | 880,564 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,059,784 |
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