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SOUTH BAY CREDIT UNION

Mar, 31, 2021 — SOUTH BAY CREDIT UNION is a non-federally insured state credit union headquartered in Redondo Beach, CA with 3 branch locations and about $130.33 million in total assets. Opened 68 years ago in 1953, SOUTH BAY CREDIT UNION has about 8,632 members and employs 22 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: 322281028
Name:SOUTH BAY CREDIT UNION
Address:
(Main Office)
312 N Pacific Coast Hwy
Redondo Beach, CA 90277-2837
Phone:(310) 374-3436
Fax:
Website:http://southbaycu.com
Branches:3 branch locations
Members:8,632
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$130,328,532
CEO/Manager:MARICELA JAUREGUI
Chairperson:CHRIS OTEY

Call Report

  • Commercial Loans
  • Indirect Commercial Loans
  • Indirect Consumer Loans
  • Indirect Mortgage Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Insurance/Investment Sales
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 37,725,911
TOTAL INVESTMENTS 756,154
Loans Held for Sale 0
 
 Real Estate Loans 45,376,398
 Unsecured Loans 7,024,367
 Other Loans 29,198,725
 TOTAL LOANS 81,599,490
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,158,539
 Land And Building 5,309,705
 Other Fixed Assets 471,518
 NCUSIF Deposit 0
 All Other Assets 5,624,293
  TOTAL ASSETS 130,328,532
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,269,948
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 32,900,964
 Regular shares 56,006,724
 All Other Shares & Deposits 27,316,503
  TOTAL SHARES & DEPOSITS 116,224,191
  TOTAL LIABILITIES 117,494,139
 Regular Reserve 5,051,611
 Other Reserves -916,014
 Undivided Earnings 8,698,796
  TOTAL EQUITY 12,834,393
  TOTAL LIABILITIES, SHARES, & EQUITY 130,328,532
INCOME & EXPENSE  
 Loan Income 939,967
 Investment Income 9,839
 Other Income 221,093
 Total Employee Compensation & Benefits 442,234
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 554,744
 Non-operating Income & (Expense) 1
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 70,000
 Cost of Funds 55,693
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 221,028
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