Dec, 31, 2023 — INLAND FEDERAL CREDIT UNION is a federal credit union headquartered in LA MESA, CA with 1 branch location and about $15.57 million in total assets. Opened 64 years ago in 1960, INLAND FEDERAL CREDIT UNION has about 1,389 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: | INLAND FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 8811 Grossmont Blvd LA MESA, CA 91942 |
| Phone: | (619) 444-5656 |
| Fax: | (619) 444-2795 |
| Website: | https://www.inlandfederal.org |
| Branches: | 1 branch locations |
| Members: | 1,389 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14016 |
|---|---|
| Membership Type: | Multiple common bond - Primarily faith based |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $15,570,884 |
| CEO/Manager: | Jeffrey D Lower |
| Chairperson: | Kathy Sladek |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,097,622 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,210,236 |
| Unsecured Loans | 1,094,871 |
| Other Loans | 4,715,502 |
| TOTAL LOANS | 10,020,609 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -55,753 |
| Land And Building | 3,103,631 |
| Other Fixed Assets | 4,018 |
| NCUSIF Deposit | 139,124 |
| All Other Assets | 0 |
| TOTAL ASSETS | 15,570,884 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 78,521 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,576,387 |
| Regular shares | 7,800,749 |
| All Other Shares & Deposits | 1,926,855 |
| TOTAL SHARES & DEPOSITS | 14,303,991 |
| TOTAL LIABILITIES | 14,382,512 |
| Regular Reserve | 0 |
| Other Reserves | 181,101 |
| Undivided Earnings | 1,007,271 |
| TOTAL EQUITY | 1,188,372 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 15,570,884 |
| INCOME & EXPENSE | |
| Loan Income | 589,486 |
| Investment Income | 46,551 |
| Other Income | 105,035 |
| Total Employee Compensation & Benefits | 290,614 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 384,823 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 32,909 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 92,474 |
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