Jun, 30, 2023 — CLEARPATH FEDERAL CREDIT UNION is a federal credit union headquartered in BURBANK, CA with 2 branch locations and about $141.76 million in total assets. Opened 69 years ago in 1954, CLEARPATH FEDERAL CREDIT UNION has about 11,526 members and employs 31 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) | 300 E Magnolia Blvd BURBANK, CA 91502 |
| Phone: | (818) 937-5300 |
| Fax: | (818) 937-5329 |
| Website: | www.clearpathfcu.org |
| Branches: | 2 branch locations |
| Members: | 11,526 |
| 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: | Oct 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $141,764,032 |
| CEO/Manager: | Gerardo Guzman |
| Chairperson: | Russell Morgan |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,663,290 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 63,469,916 |
| Unsecured Loans | 7,816,498 |
| Other Loans | 25,900,302 |
| TOTAL LOANS | 97,186,716 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -364,206 |
| Land And Building | 0 |
| Other Fixed Assets | 1,431,230 |
| NCUSIF Deposit | 1,233,798 |
| All Other Assets | 91,487 |
| TOTAL ASSETS | 141,764,032 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 671 |
| Notes & Interest Payable | 4,000,000 |
| Accounts Payable & Other Liabilities | 2,155,816 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 32,555,111 |
| Regular shares | 46,400,058 |
| All Other Shares & Deposits | 43,997,791 |
| TOTAL SHARES & DEPOSITS | 122,952,960 |
| TOTAL LIABILITIES | 129,109,447 |
| Regular Reserve | 0 |
| Other Reserves | -3,339,402 |
| Undivided Earnings | 15,993,987 |
| TOTAL EQUITY | 12,654,585 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 141,764,032 |
| INCOME & EXPENSE | |
| Loan Income | 3,216,090 |
| Investment Income | 570,489 |
| Other Income | 973,177 |
| Total Employee Compensation & Benefits | 1,939,492 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,342,356 |
| Non-operating Income & (Expense) | -49,166 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 67,195 |
| Cost of Funds | 290,038 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 663,801 |
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