Dec, 31, 2023 — SAN MATEO CITY EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in SAN MATEO, CA with 0 branch location and about $38.12 million in total assets. Opened 75 years ago in 1949, SAN MATEO CITY EMPLOYEES FEDERAL CREDIT UNION has about 1,094 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SAN MATEO CITY EMPLOYEES FEDERAL CREDIT UNION |
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Address: (Main Office) | Credit Union SAN MATEO, CA 94403 |
Phone: | (650) 522-7072 |
Fax: | (650) 522-7071 |
Website: | https://smcfcu.org |
Branches: | 0 branch locations |
Members: | 1,094 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 6326 |
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Membership Type: | Federal, State, Local Government |
Corporate Credit Union: | No |
Year Opened: | 1949 |
Last Audited: | Feb 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $38,123,104 |
CEO/Manager: | Steve Yoshifuji |
Chairperson: | Bill Euchner |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,131,155 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,954,422 |
Unsecured Loans | 2,337,078 |
Other Loans | 2,105,937 |
TOTAL LOANS | 6,397,437 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -114,679 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 195,973 |
All Other Assets | 0 |
TOTAL ASSETS | 38,123,104 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 48,761 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 31,945,254 |
All Other Shares & Deposits | 318,307 |
TOTAL SHARES & DEPOSITS | 32,263,561 |
TOTAL LIABILITIES | 32,312,322 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 5,810,782 |
TOTAL EQUITY | 5,810,782 |
TOTAL LIABILITIES, SHARES, & EQUITY | 38,123,104 |
INCOME & EXPENSE | |
Loan Income | 347,783 |
Investment Income | 708,110 |
Other Income | 0 |
Total Employee Compensation & Benefits | 190,332 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 117,280 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 652,396 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 95,885 |
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