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SEQUOIA FEDERAL CREDIT UNION

Sep, 30, 2022 — 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 71 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.


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: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

Call Report

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

Financial Summary

» See also Statement of Financial Condition
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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