Overview of California Lithuanian

California Lithuanian officially got its credit union charter in the year 1969. The credit union falls under the category: state charter. In terms of its lending activity, the credit union is mainly engaged in providing mortgages and lines of credit. These loans represent 100% of its total lending. California Lithuanian’s total assets are larger than 72% of credit unions in the United States. Credit unions are regulated by the National Credit Union Administration (NCUA), which is an independent agency that was created by the U.S. government in 1970. The NCUA also insures customer deposits at credit unions in the country. The company has a total of 1 branch and employs a total of 7 employees.

Who Can Join?

To be eligible, members must fall into one of 5 categories: (1) be of Lithuanian descent (2) be married to a person of Lithuanian descent (3) be an immediate family of a person of Lithuanian descent (4) be a member of Action Apartment Association of Santa Monica or (5) be a member of the Latvian Association of Southern California.

Discussion of the Credit Union’s Operations

Some of the key components of the credit union’s balance sheet are total assets of $163 million, total loans extended to customers of $139 million and customer deposits of $81 million. Furthermore, the credit union has a loan to deposit ratio of 58% which is lower than credit unions of comparable size. California Lithuanian’s peer set of credit unions have a loan to deposit ratio of approximately 63%. A lower ratio is better since it means that a credit union’s lending activities are more comfortably covered by its deposit base. Moving on to the credit union’s loan portfolio, it mainly consists of the following: mortgages and lines of credit make up 100% of the portfolio and there is a total of $81 million outstanding and auto loans comprises 0% of the loan book and there is a total of $ million outstanding.

Contact and Other Helpful Information

  • Main Office Address: 2806 Santa Monica Blvd., Santa Monica, CA 90404
  • Website: http://www.clcu.org
  • Phone: (310) 828-7095
  • Charter Number: 64834
  • Charter Year: 1969
  • Employees: 7
  • Routing Number: 322282386
  • Membership: Credit unions in the state of California have an average membership base of 47,657 compared with California Lithuanian which has total members of 1,866. Over the past three years, the credit union’s total base of members has increased by 13%.

California Lithuanian: Financial Overview

california lithuanian-balance-sheet-metrics

As shown in the above chart, California Lithuanian’s assets have increased by 2.4% over the past year, while its mortgages and lines of credit – which is its largest category of lending – have fallen by 3.9% over the past year. Furthermore, the company’s deposits have expanded by 45.7% while its total loans have decreased by 4.0%. ‘Net worth’ is a good way to assess the long-term performance of a credit union as it represents the accumulated value of the entity over time. Importantly this is value that accrues to the credit union’s owners: its members. California Lithuanian has a total net worth of $24 million. This implies that the credit union has a net worth per member of $12,754 which is greater than the national average of $1,606.

Overview of the Credit Union’s Performance Metrics

california lithuanian-selected-performance-metrics

The above chart shows some of the important metrics we look at when assessing a credit union, and compares these to the average credit union of comparable size. It also shows how these metrics have fared over the past year. Beginning with California Lithuanian’s return on assets (aka ROA), on this statistic the credit union performs well above the average comparable credit union. When we look at the year over year trends, we can see that ROA has declined given the 0.09% change. A credit union’s ROA is a good way of assessing how well the entity is using its assets to generate returns. Moving on to the credit union’s delinquency rate, which tells us how much of a credit union’s loan book is delinquent, the credit union is below its peer group on this metric and compared with the prior year it has been relatively stable. Keep in mind that a higher delinquency rate indicates a lower performing loan book so a declining rate is a favorable trend. Finally, the net worth ratio for the credit union is 14.6% which is well above its peer group average of 9.7%. This metric has improved substantially on a year over year basis and stood at 13.9% a year ago. Based on the NCUA guidelines, the credit union is considered to be well capitalized.


In conclusion, when we look at all the various factors and data we give California Lithuanian a 4.4 out of 5.0 rating, which we consider to be exceptional. Importantly, please be aware that none of the information presented is meant to be investment advice or advice of any form. All of the information and views expressed in this note and on this site are purely for informational purposes.