Dec, 31, 2023 — FIRST IMPERIAL CREDIT UNION is a federally insured state chartered credit union headquartered in EL CENTRO, CA with 4 branch locations and about $195.67 million in total assets. Opened 82 years ago in 1942, FIRST IMPERIAL CREDIT UNION has about 22,807 members and employs 61 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | FIRST IMPERIAL CREDIT UNION |
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Address: (Main Office) | 1602 W Main St EL CENTRO, CA 92243-2232 |
Phone: | (760) 352-1540 |
Fax: | (760) 352-1887 |
Website: | https://www.ficu.com |
Branches: | 4 branch locations |
Members: | 22,807 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68356 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1942 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $195,670,139 |
CEO/Manager: | Fidel Gonzalez |
Chairperson: | Victor Torres |
ASSETS: | $ Amount |
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Cash & Equivalents | 17,479,768 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 11,686,260 |
Unsecured Loans | 14,730,525 |
Other Loans | 121,796,156 |
TOTAL LOANS | 148,212,941 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,146,630 |
Land And Building | 6,374,806 |
Other Fixed Assets | 827,250 |
NCUSIF Deposit | 1,495,444 |
All Other Assets | 72,412 |
TOTAL ASSETS | 195,670,139 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 5,903,430 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 34,531,809 |
Regular shares | 65,049,317 |
All Other Shares & Deposits | 66,112,235 |
TOTAL SHARES & DEPOSITS | 165,693,361 |
TOTAL LIABILITIES | 171,596,791 |
Regular Reserve | 0 |
Other Reserves | 1,190,252 |
Undivided Earnings | 22,883,096 |
TOTAL EQUITY | 24,073,348 |
TOTAL LIABILITIES, SHARES, & EQUITY | 195,670,139 |
INCOME & EXPENSE | |
Loan Income | 8,619,479 |
Investment Income | 795,039 |
Other Income | 2,942,377 |
Total Employee Compensation & Benefits | 4,225,050 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,891,822 |
Non-operating Income & (Expense) | -7,557 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 616,911 |
Cost of Funds | 1,515,366 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 3,107,187 |
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