Sep, 30, 2025 — SOUTH BAY CREDIT UNION is a non-federally insured state credit union headquartered in REDONDO BEACH, CA with 3 branch locations and about $153.12 million in total assets. Opened 73 years ago in 1953, SOUTH BAY CREDIT UNION has about 9,788 members and employs 26 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SOUTH BAY CREDIT UNION |
|---|---|
| Address: (Main Office) | 312 N Pacific Coast Hwy REDONDO BEACH, CA 90277-2837 |
| Phone: | (310) 374-3436 |
| Fax: | |
| Website: | https://www.southbaycu.com |
| Branches: | 3 branch locations |
| Members: | 9,788 |
| Credit Union Type: | Non-Federally Insured State Credit Union |
| Charter Number: | 95052 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $153,120,332 |
| CEO/Manager: | PARIS CHEVALIER-BOOCHEE |
| Chairperson: | CHRIS OTEY |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,215,858 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 79,648,169 |
| Unsecured Loans | 7,631,628 |
| Other Loans | 34,636,681 |
| TOTAL LOANS | 121,916,478 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -964,913 |
| Land And Building | 4,943,720 |
| Other Fixed Assets | 556,481 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 0 |
| All Other Assets | 0 |
| TOTAL ASSETS | 153,120,332 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,960,019 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 31,498,865 |
| Regular shares | 48,961,889 |
| All Other Shares & Deposits | 56,752,035 |
| TOTAL SHARES & DEPOSITS | 137,212,789 |
| TOTAL LIABILITIES | 139,172,808 |
| Regular Reserve | 0 |
| Other Reserves | -564,637 |
| Undivided Earnings | 14,512,161 |
| TOTAL EQUITY | 13,947,524 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 153,120,332 |
| INCOME & EXPENSE | |
| Loan Income | 5,185,263 |
| Investment Income | 254,827 |
| Other Income | 685,538 |
| Total Employee Compensation & Benefits | 2,221,181 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,773,558 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 210,000 |
| Cost of Funds | 1,187,219 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 364,927 |
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