Jun, 30, 2024 — THINKWISE FEDERAL CREDIT UNION is a federal credit union headquartered in SAN BERNARDINO, CA with 2 branch locations and about $112.37 million in total assets. Opened 72 years ago in 1952, THINKWISE FEDERAL CREDIT UNION has about 5,606 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: | 5,606 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7770 |
|---|---|
| Membership Type: | Educational |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Sep 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $112,373,434 |
| CEO/Manager: | Heri Garcia |
| Chairperson: | Jess Cisneros |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 23,364,085 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 17,893,102 |
| Unsecured Loans | 12,120,647 |
| Other Loans | 31,094,728 |
| TOTAL LOANS | 61,108,477 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -407,405 |
| Land And Building | 7,170,107 |
| Other Fixed Assets | 531,928 |
| NCUSIF Deposit | 846,792 |
| All Other Assets | 0 |
| TOTAL ASSETS | 112,373,434 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 967,559 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 20,515,159 |
| Regular shares | 43,121,692 |
| All Other Shares & Deposits | 36,784,398 |
| TOTAL SHARES & DEPOSITS | 100,421,249 |
| TOTAL LIABILITIES | 101,388,808 |
| Regular Reserve | 0 |
| Other Reserves | 117,372 |
| Undivided Earnings | 10,867,254 |
| TOTAL EQUITY | 10,984,626 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 112,373,434 |
| INCOME & EXPENSE | |
| Loan Income | 2,035,377 |
| Investment Income | 331,023 |
| Other Income | 580,237 |
| Total Employee Compensation & Benefits | 1,309,345 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,725,437 |
| Non-operating Income & (Expense) | -3,175 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 97,413 |
| Cost of Funds | 356,159 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -125,210 |
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