Dec, 31, 2023 — THINKWISE FEDERAL CREDIT UNION is a federal credit union headquartered in SAN BERNARDINO, CA with 2 branch locations and about $111.29 million in total assets. Opened 72 years ago in 1952, THINKWISE FEDERAL CREDIT UNION has about 6,041 members and employs 27 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | THINKWISE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 599 N E St SAN BERNARDINO, CA 92401 |
| Phone: | (909) 882-2911 |
| Fax: | (909) 882-6471 |
| Website: | https://www.thinkwisecu.org |
| Branches: | 2 branch locations |
| Members: | 6,041 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7770 |
|---|---|
| Membership Type: | Educational |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $111,288,943 |
| CEO/Manager: | Heri Garcia |
| Chairperson: | Bradley J McDuffee |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 14,795,178 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 17,565,824 |
| Unsecured Loans | 10,427,563 |
| Other Loans | 36,795,973 |
| TOTAL LOANS | 64,789,360 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,333,486 |
| Land And Building | 7,041,384 |
| Other Fixed Assets | 406,735 |
| NCUSIF Deposit | 831,143 |
| All Other Assets | 17,657 |
| TOTAL ASSETS | 111,288,943 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 622,066 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 21,530,362 |
| Regular shares | 41,364,870 |
| All Other Shares & Deposits | 36,964,379 |
| TOTAL SHARES & DEPOSITS | 99,859,612 |
| TOTAL LIABILITIES | 100,481,678 |
| Regular Reserve | 0 |
| Other Reserves | 819,751 |
| Undivided Earnings | 9,987,514 |
| TOTAL EQUITY | 10,807,265 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 111,288,943 |
| INCOME & EXPENSE | |
| Loan Income | 3,694,738 |
| Investment Income | 1,116,289 |
| Other Income | 824,427 |
| Total Employee Compensation & Benefits | 2,093,169 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,429,671 |
| Non-operating Income & (Expense) | 40 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,020,729 |
| Cost of Funds | 582,658 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -900,000 |
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