Dec, 31, 2021 — CLEARPATH FEDERAL CREDIT UNION is a federal credit union headquartered in GLENDALE, CA with 2 branch locations and about $142.22 million in total assets. Opened 68 years ago in 1954, CLEARPATH FEDERAL CREDIT UNION has about 11,786 members and employs 30 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: | 11,786 |
| 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: | $142,217,119 |
| CEO/Manager: | Gerardo Guzman |
| Chairperson: | Russell Morgan |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 25,135,709 |
| TOTAL INVESTMENTS | 25,047,652 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 54,950,920 |
| Unsecured Loans | 10,446,736 |
| Other Loans | 23,528,186 |
| TOTAL LOANS | 88,925,842 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -411,181 |
| Land And Building | 0 |
| Other Fixed Assets | 222,363 |
| NCUSIF Deposit | 1,229,181 |
| All Other Assets | 2,067,553 |
| TOTAL ASSETS | 142,217,119 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 40 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,238,969 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 33,231,898 |
| Regular shares | 44,942,713 |
| All Other Shares & Deposits | 45,608,272 |
| TOTAL SHARES & DEPOSITS | 123,782,883 |
| TOTAL LIABILITIES | 125,021,892 |
| Regular Reserve | 2,228,422 |
| Other Reserves | -363,381 |
| Undivided Earnings | 15,330,186 |
| TOTAL EQUITY | 17,195,227 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 142,217,119 |
| INCOME & EXPENSE | |
| Loan Income | 4,087,833 |
| Investment Income | 332,103 |
| Other Income | 1,253,318 |
| Total Employee Compensation & Benefits | 2,382,488 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,292,070 |
| Non-operating Income & (Expense) | 3,304,949 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 130,220 |
| Cost of Funds | 449,310 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,471,027 |
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