Dec, 31, 2023 — 1ST NORTHERN CALIFORNIA CREDIT UNION is a federally insured state chartered credit union headquartered in MARTINEZ, CA with 7 branch locations and about $798.83 million in total assets. Opened 75 years ago in 1949, 1ST NORTHERN CALIFORNIA CREDIT UNION has about 32,351 members and employs 89 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | 1ST NORTHERN CALIFORNIA CREDIT UNION |
|---|---|
| Address: (Main Office) | 1111 Pine St MARTINEZ, CA 94553 |
| Phone: | (925) 228-7550 |
| Fax: | |
| Website: | https://www.1stnorcalcu.org/ |
| Branches: | 7 branch locations |
| Members: | 32,351 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68668 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1949 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $798,827,304 |
| CEO/Manager: | David M Green |
| Chairperson: | Stephen J Ybarra |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 29,475,691 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 201,225,807 |
| Unsecured Loans | 8,273,183 |
| Other Loans | 140,067,034 |
| TOTAL LOANS | 349,566,024 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,243,540 |
| Land And Building | 1,815,513 |
| Other Fixed Assets | 2,988,060 |
| NCUSIF Deposit | 6,898,841 |
| All Other Assets | 0 |
| TOTAL ASSETS | 798,827,304 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 332,692 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 10,312,666 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 129,205,195 |
| Regular shares | 299,314,843 |
| All Other Shares & Deposits | 272,988,833 |
| TOTAL SHARES & DEPOSITS | 701,508,871 |
| TOTAL LIABILITIES | 712,154,229 |
| Regular Reserve | 0 |
| Other Reserves | 829,423 |
| Undivided Earnings | 85,843,652 |
| TOTAL EQUITY | 86,673,075 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 798,827,304 |
| INCOME & EXPENSE | |
| Loan Income | 10,836,008 |
| Investment Income | 7,605,315 |
| Other Income | 377,739 |
| Total Employee Compensation & Benefits | 8,434,519 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 7,332,666 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 90,542 |
| Cost of Funds | 2,337,444 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,022,491 |
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