Mar, 31, 2021 — CLEARPATH FEDERAL CREDIT UNION is a federal credit union headquartered in GLENDALE, CA with 2 branch locations and about $137.80 million in total assets. Opened 67 years ago in 1954, CLEARPATH FEDERAL CREDIT UNION has about 12,058 members and employs 35 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CLEARPATH FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 340 ARDEN AVE GLENDALE, CA 91203 |
| Phone: | (818) 937-5300 |
| Fax: | (818) 937-5329 |
| Website: | http://www.clearpathfcu.org |
| Branches: | 2 branch locations |
| Members: | 12,058 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9556 |
|---|---|
| Membership Type: | Multiple common bond - Primarily finance, insurance, real estate, trade |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Jun 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $137,796,760 |
| CEO/Manager: | Gerardo Guzman |
| Chairperson: | Russell Morgan |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 21,128,278 |
| TOTAL INVESTMENTS | 19,654,431 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 48,889,022 |
| Unsecured Loans | 16,614,220 |
| Other Loans | 25,977,288 |
| TOTAL LOANS | 91,480,530 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -465,047 |
| Land And Building | 1,982,341 |
| Other Fixed Assets | 235,939 |
| NCUSIF Deposit | 1,142,400 |
| All Other Assets | 2,637,888 |
| TOTAL ASSETS | 137,796,760 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 175 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 921,608 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 35,030,895 |
| Regular shares | 42,520,760 |
| All Other Shares & Deposits | 45,725,125 |
| TOTAL SHARES & DEPOSITS | 123,276,780 |
| TOTAL LIABILITIES | 124,198,563 |
| Regular Reserve | 2,228,422 |
| Other Reserves | 222,959 |
| Undivided Earnings | 11,146,816 |
| TOTAL EQUITY | 13,598,197 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 137,796,760 |
| INCOME & EXPENSE | |
| Loan Income | 1,023,090 |
| Investment Income | 63,513 |
| Other Income | 460,876 |
| Total Employee Compensation & Benefits | 617,364 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 603,433 |
| Non-operating Income & (Expense) | -960 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 84,587 |
| Cost of Funds | 114,817 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 287,657 |
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