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SEQUOIA FEDERAL CREDIT UNION

Dec, 31, 2021 — SEQUOIA FEDERAL CREDIT UNION is a federal credit union headquartered in REDWOOD CITY, CA with 1 branch location and about $42.32 million in total assets. Opened 70 years ago in 1952, SEQUOIA FEDERAL CREDIT UNION has about 1,694 members and employs 7 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 94063-1212
Phone:(650) 366-7777
Fax:(650) 366-0748
Website:http://www.sequoiafcu.org
Branches:1 branch locations
Members:1,694
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$42,320,863
CEO/Manager:Rochelle Kirchner
Chairperson:Dottress Rollin

Call Report

  • Payday Alternative Loans (PAL Loans)
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 7,286,218
TOTAL INVESTMENTS 12,028,795
Loans Held for Sale 0
 
 Real Estate Loans 15,382,936
 Unsecured Loans 1,348,667
 Other Loans 3,432,804
 TOTAL LOANS 20,324,873
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -28,583
 Land And Building 2,195,000
 Other Fixed Assets 6,889
 NCUSIF Deposit 323,449
 All Other Assets 184,222
  TOTAL ASSETS 42,320,863
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 99,777
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 5,616,123
 Regular shares 24,197,478
 All Other Shares & Deposits 8,328,412
  TOTAL SHARES & DEPOSITS 38,142,013
  TOTAL LIABILITIES 38,241,790
 Regular Reserve 611,165
 Other Reserves 64,846
 Undivided Earnings 3,403,062
  TOTAL EQUITY 4,079,073
  TOTAL LIABILITIES, SHARES, & EQUITY 42,320,863
INCOME & EXPENSE  
 Loan Income 823,918
 Investment Income 179,441
 Other Income 52,658
 Total Employee Compensation & Benefits 654,847
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 557,224
 Non-operating Income & (Expense) 5,000
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -17,330
 Cost of Funds 12,721
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 72,615
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