Sep, 30, 2021 — CLEARPATH FEDERAL CREDIT UNION is a federal credit union headquartered in GLENDALE, CA with 2 branch locations and about $144.28 million in total assets. Opened 67 years ago in 1954, CLEARPATH FEDERAL CREDIT UNION has about 11,840 members and employs 34 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: | 11,840 |
| 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: | Feb 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $144,284,592 |
| CEO/Manager: | Gerardo Guzman |
| Chairperson: | Russell Morgan |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 23,741,872 |
| TOTAL INVESTMENTS | 26,880,526 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 53,338,014 |
| Unsecured Loans | 12,165,565 |
| Other Loans | 24,326,049 |
| TOTAL LOANS | 89,829,628 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -425,447 |
| Land And Building | 0 |
| Other Fixed Assets | 217,314 |
| NCUSIF Deposit | 1,153,597 |
| All Other Assets | 2,887,102 |
| TOTAL ASSETS | 144,284,592 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 741 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,086,782 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 34,211,762 |
| Regular shares | 44,487,682 |
| All Other Shares & Deposits | 47,243,058 |
| TOTAL SHARES & DEPOSITS | 125,942,502 |
| TOTAL LIABILITIES | 127,030,025 |
| Regular Reserve | 2,228,422 |
| Other Reserves | -17,524 |
| Undivided Earnings | 15,043,669 |
| TOTAL EQUITY | 17,254,567 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 144,284,592 |
| INCOME & EXPENSE | |
| Loan Income | 3,052,834 |
| Investment Income | 218,825 |
| Other Income | 978,561 |
| Total Employee Compensation & Benefits | 1,748,640 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,730,151 |
| Non-operating Income & (Expense) | 3,304,984 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 131,127 |
| Cost of Funds | 343,161 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,184,510 |
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