Dec, 31, 2023 — UPWARD CREDIT UNION is a federally insured state chartered credit union headquartered in BURLINGAME, CA with 3 branch locations and about $94.18 million in total assets. Opened 68 years ago in 1956, UPWARD CREDIT UNION has about 4,619 members and employs 15 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | UPWARD CREDIT UNION |
---|---|
Address: (Main Office) | 1860 El Camino Real Ste 100 BURLINGAME, CA 94010-3106 |
Phone: | (650) 231-1300 |
Fax: | (650) 231-1310 |
Website: | https://www.upwardcu.org |
Branches: | 3 branch locations |
Members: | 4,619 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 65323 |
---|---|
Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1956 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $94,183,458 |
CEO/Manager: | Jason Mertz-Prickett |
Chairperson: | Annie Miller |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 2,987,763 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 31,423,262 |
Unsecured Loans | 4,158,855 |
Other Loans | 13,073,863 |
TOTAL LOANS | 48,655,979 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -184,180 |
Land And Building | 0 |
Other Fixed Assets | 558,742 |
NCUSIF Deposit | 785,591 |
All Other Assets | 0 |
TOTAL ASSETS | 94,183,458 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,152,212 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 16,884,483 |
Regular shares | 39,068,459 |
All Other Shares & Deposits | 29,610,955 |
TOTAL SHARES & DEPOSITS | 85,563,897 |
TOTAL LIABILITIES | 86,716,109 |
Regular Reserve | 0 |
Other Reserves | 922,590 |
Undivided Earnings | 6,544,759 |
TOTAL EQUITY | 7,467,349 |
TOTAL LIABILITIES, SHARES, & EQUITY | 94,183,458 |
INCOME & EXPENSE | |
Loan Income | 2,417,815 |
Investment Income | 580,610 |
Other Income | 399,545 |
Total Employee Compensation & Benefits | 1,481,291 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,548,969 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 124,093 |
Cost of Funds | 469,696 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 263,196 |
↑ Back to Top |