Dec, 31, 2023 — BOURNS EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in RIVERSIDE, CA with 3 branch locations and about $65.86 million in total assets. Opened 58 years ago in 1966, BOURNS EMPLOYEES FEDERAL CREDIT UNION has about 5,182 members and employs 12 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BOURNS EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1200 Columbia Ave RIVERSIDE, CA 92507 |
| Phone: | (951) 781-5600 |
| Fax: | (951) 781-5452 |
| Website: | https://www.bournsfcu.org |
| Branches: | 3 branch locations |
| Members: | 5,182 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 17415 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1966 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $65,855,025 |
| CEO/Manager: | Edward V Casanova |
| Chairperson: | Jim Heiken |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,903,951 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 27,426,558 |
| Unsecured Loans | 4,355,054 |
| Other Loans | 10,580,885 |
| TOTAL LOANS | 42,362,497 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -146,963 |
| Land And Building | 9,413 |
| Other Fixed Assets | 325,046 |
| NCUSIF Deposit | 596,792 |
| All Other Assets | 0 |
| TOTAL ASSETS | 65,855,025 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 736,827 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,419,514 |
| Regular shares | 26,456,494 |
| All Other Shares & Deposits | 28,712,644 |
| TOTAL SHARES & DEPOSITS | 59,588,652 |
| TOTAL LIABILITIES | 60,325,479 |
| Regular Reserve | 0 |
| Other Reserves | 1,845,882 |
| Undivided Earnings | 3,683,664 |
| TOTAL EQUITY | 5,529,546 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 65,855,025 |
| INCOME & EXPENSE | |
| Loan Income | 1,549,991 |
| Investment Income | 565,381 |
| Other Income | 91,421 |
| Total Employee Compensation & Benefits | 1,057,619 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,032,357 |
| Non-operating Income & (Expense) | -90,289 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -86,566 |
| Cost of Funds | 718,017 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -463,092 |
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