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SEQUOIA FEDERAL CREDIT UNION

Dec, 31, 2020 — SEQUOIA FEDERAL CREDIT UNION is a federal credit union headquartered in REDWOOD CITY, CA with 1 branch location and about $37.09 million in total assets. Opened 69 years ago in 1952, SEQUOIA FEDERAL CREDIT UNION has about 1,719 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 321174848
Name:SEQUOIA FEDERAL CREDIT UNION
Address:
(Main Office)
530 EL CAMINO REAL
REDWOOD CITY, CA 94063
Phone:(650) 366-7777
Fax:(650) 366-0748
Website:http://www.sequoiafcu.org
Branches:1 branch locations
Members:1,719
Credit Union Type:Federal Credit Union
Charter Number:7617
Membership Type:Multiple common bond - Primarily educational
Corporate Credit Union:No
Year Opened:1952
Last Audited:Mar 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$37,090,467
CEO/Manager:Rochelle Kirchner
Chairperson:J. Arthur White

Call Report

  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Pay Day Loans
  • Real Estate Loans
  • Risk Based Loans
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program
  • Insurance/Investment Sales
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 5,627,766
TOTAL INVESTMENTS 9,429,535
Loans Held for Sale 0
 
 Real Estate Loans 14,737,493
 Unsecured Loans 1,255,841
 Other Loans 3,298,763
 TOTAL LOANS 19,382,621
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -50,582
 Land And Building 2,215,000
 Other Fixed Assets 2,215
 NCUSIF Deposit 293,142
 All Other Assets 190,770
  TOTAL ASSETS 37,090,467
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 98,698
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 4,893,612
 Regular shares 20,184,758
 All Other Shares & Deposits 7,768,200
  TOTAL SHARES & DEPOSITS 32,846,570
  TOTAL LIABILITIES 32,945,268
 Regular Reserve 611,165
 Other Reserves 203,587
 Undivided Earnings 3,330,447
  TOTAL EQUITY 4,145,199
  TOTAL LIABILITIES, SHARES, & EQUITY 37,090,467
INCOME & EXPENSE  
 Loan Income 837,594
 Investment Income 223,616
 Other Income 49,200
 Total Employee Compensation & Benefits 641,142
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 482,673
 Non-operating Income & (Expense) 191,389
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 36,763
 Cost of Funds 37,301
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 103,920
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