Dec, 31, 2023 — FIRST CITY CREDIT UNION is a federally insured state chartered credit union headquartered in ALTADENA, CA with 7 branch locations and about $906.58 million in total assets. Opened 87 years ago in 1937, FIRST CITY CREDIT UNION has about 55,886 members and employs 121 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 CITY CREDIT UNION |
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Address: (Main Office) | 500 W Woodbury Rd ALTADENA, CA 91001-5410 |
Phone: | (800) 944-2200 |
Fax: | (213) 461-4622 |
Website: | https://firstcitycu.org |
Branches: | 7 branch locations |
Members: | 55,886 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68503 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1937 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $906,575,940 |
CEO/Manager: | Navneet Khanna |
Chairperson: | Micheal D Steinberger |
ASSETS: | $ Amount |
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Cash & Equivalents | 97,829,974 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 191,167,376 |
Unsecured Loans | 44,642,537 |
Other Loans | 155,018,433 |
TOTAL LOANS | 390,828,347 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,209,586 |
Land And Building | 14,380,466 |
Other Fixed Assets | 1,991,491 |
NCUSIF Deposit | 7,356,849 |
All Other Assets | 40,067 |
TOTAL ASSETS | 906,575,940 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 70,000,000 |
Accounts Payable & Other Liabilities | 12,397,977 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 170,033,257 |
Regular shares | 383,298,668 |
All Other Shares & Deposits | 215,828,484 |
TOTAL SHARES & DEPOSITS | 769,160,409 |
TOTAL LIABILITIES | 851,558,386 |
Regular Reserve | 0 |
Other Reserves | -56,514,275 |
Undivided Earnings | 111,531,829 |
TOTAL EQUITY | 55,017,554 |
TOTAL LIABILITIES, SHARES, & EQUITY | 906,575,940 |
INCOME & EXPENSE | |
Loan Income | 18,269,224 |
Investment Income | 11,236,982 |
Other Income | 4,442,459 |
Total Employee Compensation & Benefits | 10,991,856 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 13,380,758 |
Non-operating Income & (Expense) | 1,734,722 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,339,935 |
Cost of Funds | 4,765,678 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 7,579,349 |
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