Jun, 30, 2024 — SEQUOIA FEDERAL CREDIT UNION is a federal credit union headquartered in REDWOOD CITY, CA with 1 branch location and about $43.22 million in total assets. Opened 72 years ago in 1952, SEQUOIA FEDERAL CREDIT UNION has about 1,676 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| 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: | https://www.sequoiafcu.org |
| Branches: | 1 branch locations |
| Members: | 1,676 |
| 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, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $43,220,993 |
| CEO/Manager: | Rochelle Kirchner |
| Chairperson: | Dottress Rollin |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,084,668 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 16,216,185 |
| Unsecured Loans | 1,541,945 |
| Other Loans | 3,852,086 |
| TOTAL LOANS | 21,760,611 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -37,491 |
| Land And Building | 2,180,000 |
| Other Fixed Assets | 5,104 |
| NCUSIF Deposit | 362,427 |
| All Other Assets | 0 |
| TOTAL ASSETS | 43,220,993 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 126,957 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,994,867 |
| Regular shares | 25,313,965 |
| All Other Shares & Deposits | 8,033,031 |
| TOTAL SHARES & DEPOSITS | 39,341,863 |
| TOTAL LIABILITIES | 39,468,820 |
| Regular Reserve | 0 |
| Other Reserves | 297,756 |
| Undivided Earnings | 3,454,417 |
| TOTAL EQUITY | 3,752,173 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 43,220,993 |
| INCOME & EXPENSE | |
| Loan Income | 639,140 |
| Investment Income | 165,398 |
| Other Income | 45,438 |
| Total Employee Compensation & Benefits | 490,133 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 430,149 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 25,469 |
| Cost of Funds | 12,041 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 51,355 |
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