Jun, 30, 2024 — PREMIER ONE CREDIT UNION is a federally insured state chartered credit union headquartered in SAN JOSE, CA with 5 branch locations and about $558.29 million in total assets. Opened 57 years ago in 1968, PREMIER ONE CREDIT UNION has about 24,684 members and employs 87 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | PREMIER ONE CREDIT UNION |
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Address: (Main Office) | 6640 Via Del Oro SAN JOSE, CA 95119 |
Phone: | (855) 500-7128 |
Fax: | (408) 224-2890 |
Website: | https://premieronecu.org |
Branches: | 5 branch locations |
Members: | 24,684 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68540 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1968 |
Last Audited: | Jun 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $558,292,603 |
CEO/Manager: | ANDREA BREWER |
Chairperson: | SEAMUS MORAN |
ASSETS: | $ Amount |
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Cash & Equivalents | 52,087,775 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 266,140,476 |
Unsecured Loans | 32,751,306 |
Other Loans | 69,880,644 |
TOTAL LOANS | 368,772,426 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,435,285 |
Land And Building | 10,048,564 |
Other Fixed Assets | 1,774,314 |
NCUSIF Deposit | 4,651,755 |
All Other Assets | 33,726 |
TOTAL ASSETS | 558,292,603 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 3,333,795 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 147,543,210 |
Regular shares | 212,618,991 |
All Other Shares & Deposits | 158,510,260 |
TOTAL SHARES & DEPOSITS | 518,672,461 |
TOTAL LIABILITIES | 522,006,256 |
Regular Reserve | 0 |
Other Reserves | 4,381,581 |
Undivided Earnings | 31,904,766 |
TOTAL EQUITY | 36,286,347 |
TOTAL LIABILITIES, SHARES, & EQUITY | 558,292,603 |
INCOME & EXPENSE | |
Loan Income | 10,223,154 |
Investment Income | 1,833,728 |
Other Income | 843,262 |
Total Employee Compensation & Benefits | 6,874,843 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 5,276,200 |
Non-operating Income & (Expense) | 43,226 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,094,186 |
Cost of Funds | 811,820 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 671,575 |
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