Sep, 30, 2025 — CBC FEDERAL CREDIT UNION is a federal credit union headquartered in OXNARD, CA with 5 branch locations and about $862.97 million in total assets. Opened 74 years ago in 1952, CBC FEDERAL CREDIT UNION has about 27,746 members and employs 136 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CBC FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2151 E Gonzales Rd OXNARD, CA 93036-3704 |
| Phone: | (805) 988-2151 |
| Fax: | (805) 278-3825 |
| Website: | https://www.oceanair.org |
| Branches: | 5 branch locations |
| Members: | 27,746 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7608 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $862,968,418 |
| CEO/Manager: | Rick Weber |
| Chairperson: | Timur Taluy |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 46,685,579 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 574,779,396 |
| Unsecured Loans | 27,494,283 |
| Other Loans | 40,685,997 |
| TOTAL LOANS | 727,908,519 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,972,766 |
| Land And Building | 4,014,749 |
| Other Fixed Assets | 4,501,655 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 6,668,579 |
| All Other Assets | 2,206,883 |
| TOTAL ASSETS | 862,968,418 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 171,314 |
| Notes & Interest Payable | 109,600,000 |
| Accounts Payable & Other Liabilities | 12,514,981 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 10,000,000 |
| Share Drafts | 145,796,404 |
| Regular shares | 126,163,754 |
| All Other Shares & Deposits | 408,311,148 |
| TOTAL SHARES & DEPOSITS | 680,271,306 |
| TOTAL LIABILITIES | 812,557,601 |
| Regular Reserve | 0 |
| Other Reserves | -3,970,359 |
| Undivided Earnings | 54,381,176 |
| TOTAL EQUITY | 50,410,817 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 862,968,418 |
| INCOME & EXPENSE | |
| Loan Income | 24,828,222 |
| Investment Income | 3,517,426 |
| Other Income | 2,221,471 |
| Total Employee Compensation & Benefits | 12,244,568 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 9,555,147 |
| Non-operating Income & (Expense) | 1,389,272 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,318,320 |
| Cost of Funds | 14,636,109 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -2,209,323 |
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