Jun, 30, 2024 — CALIFORNIA BEAR CREDIT UNION is a federally insured state chartered credit union headquartered in LOS ANGELES, CA with 2 branch locations and about $132.27 million in total assets. Opened 92 years ago in 1933, CALIFORNIA BEAR CREDIT UNION has about 8,982 members and employs 18 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CALIFORNIA BEAR CREDIT UNION |
|---|---|
| Address: (Main Office) | 300 S Spring St Ste 1215 LOS ANGELES, CA 90013 |
| Phone: | (213) 830-4100 |
| Fax: | (213) 621-2700 |
| Website: | https://www.calbearcu.org |
| Branches: | 2 branch locations |
| Members: | 8,982 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68507 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1933 |
| Last Audited: | Mar 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $132,265,848 |
| CEO/Manager: | Daniel A Graff |
| Chairperson: | Doug Failing |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 24,919,508 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 47,972,081 |
| Unsecured Loans | 6,834,266 |
| Other Loans | 29,673,886 |
| TOTAL LOANS | 84,480,233 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -223,196 |
| Land And Building | 0 |
| Other Fixed Assets | 1,014,878 |
| NCUSIF Deposit | 1,200,322 |
| All Other Assets | 0 |
| TOTAL ASSETS | 132,265,848 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,567,396 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 30,661,505 |
| Regular shares | 83,364,540 |
| All Other Shares & Deposits | 12,745,151 |
| TOTAL SHARES & DEPOSITS | 126,771,196 |
| TOTAL LIABILITIES | 128,338,592 |
| Regular Reserve | 0 |
| Other Reserves | -2,261,887 |
| Undivided Earnings | 6,189,143 |
| TOTAL EQUITY | 3,927,256 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 132,265,848 |
| INCOME & EXPENSE | |
| Loan Income | 2,175,792 |
| Investment Income | 371,435 |
| Other Income | 344,454 |
| Total Employee Compensation & Benefits | 1,712,185 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,956,949 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 80,103 |
| Cost of Funds | 44,524 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -663,740 |
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