Dec, 31, 2023 — FIRST U.S. COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in SACRAMENTO, CA with 7 branch locations and about $535.93 million in total assets. Opened 88 years ago in 1936, FIRST U.S. COMMUNITY CREDIT UNION has about 28,389 members and employs 75 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 |
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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: | 28,389 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68474 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $535,934,500 |
CEO/Manager: | Shonna Shearson |
Chairperson: | James Gomes |
ASSETS: | $ Amount |
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Cash & Equivalents | 17,206,729 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 195,324,885 |
Unsecured Loans | 7,306,803 |
Other Loans | 143,315,163 |
TOTAL LOANS | 345,946,851 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,092,222 |
Land And Building | 2,277,921 |
Other Fixed Assets | 796,390 |
NCUSIF Deposit | 4,430,002 |
All Other Assets | 198,603 |
TOTAL ASSETS | 535,934,500 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 533,368 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 3,657,976 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 99,675,629 |
Regular shares | 134,550,182 |
All Other Shares & Deposits | 244,703,706 |
TOTAL SHARES & DEPOSITS | 478,929,517 |
TOTAL LIABILITIES | 483,120,861 |
Regular Reserve | 0 |
Other Reserves | -1,735,334 |
Undivided Earnings | 54,548,973 |
TOTAL EQUITY | 52,813,639 |
TOTAL LIABILITIES, SHARES, & EQUITY | 535,934,500 |
INCOME & EXPENSE | |
Loan Income | 14,290,473 |
Investment Income | 4,102,050 |
Other Income | 1,340,814 |
Total Employee Compensation & Benefits | 7,460,164 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 6,462,904 |
Non-operating Income & (Expense) | -69 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,433,021 |
Cost of Funds | 4,594,785 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,662,289 |
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