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DOWNEY FEDERAL CREDIT UNION

Dec, 31, 2023 — DOWNEY FEDERAL CREDIT UNION is a federal credit union headquartered in DOWNEY, CA with 1 branch location and about $362.35 million in total assets. Opened 67 years ago in 1957, DOWNEY FEDERAL CREDIT UNION has about 19,249 members and employs 60 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 322275115
Name:DOWNEY FEDERAL CREDIT UNION
Address:
(Main Office)
8237 3rd St
DOWNEY, CA 90241-3718
Phone:(562) 862-8141
Fax:(562) 622-0791
Website:https://www.downeyfcu.org
Branches:1 branch locations
Members:19,249
Credit Union Type:Federal Credit Union
Charter Number:11870
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1957
Last Audited:Mar 01, 2023
FHLB Member:Yes
Low Income Designation:No
Assets:$362,346,344
CEO/Manager:Raymond G Mesler
Chairperson:Robert J Becker

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 70,817,447
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 79,282,101
 Unsecured Loans 28,899,036
 Other Loans 47,749,410
 TOTAL LOANS 164,514,418
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,590,210
 Land And Building 6,995,054
 Other Fixed Assets 1,053,781
 NCUSIF Deposit 2,454,691
 All Other Assets 0
  TOTAL ASSETS 362,346,344
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 94,500,000
 Accounts Payable & Other Liabilities 6,259,231
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 49,841,636
 Regular shares 127,691,807
 All Other Shares & Deposits 69,497,513
  TOTAL SHARES & DEPOSITS 247,030,956
  TOTAL LIABILITIES 347,790,187
 Regular Reserve 0
 Other Reserves -13,963,638
 Undivided Earnings 28,519,795
  TOTAL EQUITY 14,556,157
  TOTAL LIABILITIES, SHARES, & EQUITY 362,346,344
INCOME & EXPENSE  
 Loan Income 7,395,844
 Investment Income 5,155,576
 Other Income 603,891
 Total Employee Compensation & Benefits 5,087,385
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 4,445,635
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,262,900
 Cost of Funds 3,875,413
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 295,530
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