Dec, 31, 2023 — EMPLOYEES CHOICE FEDERAL CREDIT UNION is a federal credit union headquartered in EL CAJON, CA with 2 branch locations and about $22.57 million in total assets. Opened 64 years ago in 1960, EMPLOYEES CHOICE FEDERAL CREDIT UNION has about 1,093 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | EMPLOYEES CHOICE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 266 S Magnolia Ave Ste 101 EL CAJON, CA 92020 |
| Phone: | (619) 579-0941 |
| Fax: | (619) 579-2057 |
| Website: | https://www.employeeschoice.org |
| Branches: | 2 branch locations |
| Members: | 1,093 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13526 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $22,570,588 |
| CEO/Manager: | Aletta M Bostock |
| Chairperson: | Debbie Setzer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,669,374 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,532,669 |
| Unsecured Loans | 687,344 |
| Other Loans | 5,881,607 |
| TOTAL LOANS | 10,101,620 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -61,463 |
| Land And Building | 1,006,390 |
| Other Fixed Assets | 4,812 |
| NCUSIF Deposit | 197,869 |
| All Other Assets | 0 |
| TOTAL ASSETS | 22,570,588 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 431,098 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,513,887 |
| Regular shares | 10,432,091 |
| All Other Shares & Deposits | 5,305,331 |
| TOTAL SHARES & DEPOSITS | 20,251,309 |
| TOTAL LIABILITIES | 20,682,407 |
| Regular Reserve | 0 |
| Other Reserves | 312,853 |
| Undivided Earnings | 1,575,328 |
| TOTAL EQUITY | 1,888,181 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 22,570,588 |
| INCOME & EXPENSE | |
| Loan Income | 456,475 |
| Investment Income | 172,232 |
| Other Income | 17,817 |
| Total Employee Compensation & Benefits | 292,577 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 287,962 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,950 |
| Cost of Funds | 60,552 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 88,970 |
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