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LA FINANCIAL FEDERAL CREDIT UNION

Dec, 31, 2023 — LA FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in ARCADIA, CA with 4 branch locations and about $532.47 million in total assets. Opened 87 years ago in 1937, LA FINANCIAL FEDERAL CREDIT UNION has about 24,744 members and employs 79 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: 322077562
Name:LA FINANCIAL FEDERAL CREDIT UNION
Address:
(Main Office)
50 E Foothill Blvd
ARCADIA, CA 91006-2314
Phone:(800) 894-1200
Fax:(626) 449-3429
Website:https://www.lafinancial.org
Branches:4 branch locations
Members:24,744
Credit Union Type:Federal Credit Union
Charter Number:2024
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1937
Last Audited:Sep 01, 2023
FHLB Member:Yes
Low Income Designation:No
Assets:$532,465,132
CEO/Manager:Carol Galizia
Chairperson:Gail LeGros

Call Report

  • Credit Builder
  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 20,586,714
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 310,442,699
 Unsecured Loans 10,850,709
 Other Loans 80,534,479
 TOTAL LOANS 410,414,469
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,652,534
 Land And Building 8,871,124
 Other Fixed Assets 2,342,087
 NCUSIF Deposit 4,618,136
 All Other Assets 0
  TOTAL ASSETS 532,465,132
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 16,000,000
 Accounts Payable & Other Liabilities 6,524,993
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 103,238,921
 Regular shares 198,451,144
 All Other Shares & Deposits 170,506,242
  TOTAL SHARES & DEPOSITS 472,196,307
  TOTAL LIABILITIES 494,721,300
 Regular Reserve 0
 Other Reserves 456,967
 Undivided Earnings 37,286,865
  TOTAL EQUITY 37,743,832
  TOTAL LIABILITIES, SHARES, & EQUITY 532,465,132
INCOME & EXPENSE  
 Loan Income 17,045,661
 Investment Income 2,138,773
 Other Income 3,230,422
 Total Employee Compensation & Benefits 9,179,822
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 8,025,363
 Non-operating Income & (Expense) 81,415
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 548,268
 Cost of Funds 3,584,819
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,482,855
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