Jun, 30, 2024 — PATELCO CREDIT UNION is a federally insured state chartered credit union headquartered in DUBLIN, CA with 37 branch locations and about $9.05 billion in total assets. Opened 88 years ago in 1936, PATELCO CREDIT UNION has about 456,612 members and employs 819 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PATELCO CREDIT UNION |
|---|---|
| Address: (Main Office) | 3 Park Pl DUBLIN, CA 94568 |
| Phone: | (800) 358-8228 |
| Fax: | |
| Website: | https://www.patelco.org |
| Branches: | 37 branch locations |
| Members: | 456,612 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68579 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Apr 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $9,045,272,404 |
| CEO/Manager: | ERIN MENDEZ |
| Chairperson: | JESSE RIVERA |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 195,117,380 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 1,343,150 |
| Real Estate Loans | 4,009,728,994 |
| Unsecured Loans | 484,786,713 |
| Other Loans | 1,885,535,500 |
| TOTAL LOANS | 6,380,051,207 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -37,473,774 |
| Land And Building | 88,911,014 |
| Other Fixed Assets | 41,111,550 |
| NCUSIF Deposit | 74,712,044 |
| All Other Assets | 590,504 |
| TOTAL ASSETS | 9,045,272,404 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 60,881 |
| Notes & Interest Payable | 220,000,000 |
| Accounts Payable & Other Liabilities | 70,253,272 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,566,084,290 |
| Regular shares | 1,442,131,153 |
| All Other Shares & Deposits | 4,999,989,817 |
| TOTAL SHARES & DEPOSITS | 8,008,205,260 |
| TOTAL LIABILITIES | 8,298,519,413 |
| Regular Reserve | 0 |
| Other Reserves | -41,244,476 |
| Undivided Earnings | 787,997,467 |
| TOTAL EQUITY | 746,752,991 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 9,045,272,404 |
| INCOME & EXPENSE | |
| Loan Income | 163,473,389 |
| Investment Income | 21,691,940 |
| Other Income | 9,686,278 |
| Total Employee Compensation & Benefits | 71,712,901 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 58,890,603 |
| Non-operating Income & (Expense) | 1,745,515 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 8,670,000 |
| Cost of Funds | 27,367,435 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 50,376,806 |
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