Dec, 31, 2023 — CBC FEDERAL CREDIT UNION is a federal credit union headquartered in OXNARD, CA with 4 branch locations and about $839.30 million in total assets. Opened 72 years ago in 1952, CBC FEDERAL CREDIT UNION has about 27,911 members and employs 126 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 |
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Address: (Main Office) | 2151 E Gonzales Rd OXNARD, CA 93036-3704 |
Phone: | (805) 988-2151 |
Fax: | (805) 278-3825 |
Website: | https://www.cbcfcu.org |
Branches: | 4 branch locations |
Members: | 27,911 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 7608 |
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Membership Type: | Multiple common bond - other |
Corporate Credit Union: | No |
Year Opened: | 1952 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $839,300,782 |
CEO/Manager: | Rick Weber |
Chairperson: | Timur Taluy |
ASSETS: | $ Amount |
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Cash & Equivalents | 51,375,594 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 557,814,346 |
Unsecured Loans | 32,654,634 |
Other Loans | 66,274,648 |
TOTAL LOANS | 684,214,225 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,232,639 |
Land And Building | 4,457,946 |
Other Fixed Assets | 3,807,822 |
NCUSIF Deposit | 6,475,124 |
All Other Assets | 581,002 |
TOTAL ASSETS | 839,300,782 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 219,164 |
Notes & Interest Payable | 111,000,000 |
Accounts Payable & Other Liabilities | 11,044,645 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 10,000,000 |
Share Drafts | 121,029,579 |
Regular shares | 132,254,889 |
All Other Shares & Deposits | 403,311,887 |
TOTAL SHARES & DEPOSITS | 656,596,354 |
TOTAL LIABILITIES | 788,860,163 |
Regular Reserve | 0 |
Other Reserves | -5,117,693 |
Undivided Earnings | 55,558,312 |
TOTAL EQUITY | 50,440,619 |
TOTAL LIABILITIES, SHARES, & EQUITY | 839,300,782 |
INCOME & EXPENSE | |
Loan Income | 28,227,112 |
Investment Income | 5,090,511 |
Other Income | 2,475,075 |
Total Employee Compensation & Benefits | 13,043,966 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 11,506,751 |
Non-operating Income & (Expense) | 2,011,210 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,667,113 |
Cost of Funds | 12,488,958 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,023,112 |
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