Dec, 31, 2023 — LONG BEACH CITY EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in SIGNAL HILL, CA with 1 branch location and about $284.34 million in total assets. Opened 88 years ago in 1936, LONG BEACH CITY EMPLOYEES FEDERAL CREDIT UNION has about 9,698 members and employs 25 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | LONG BEACH CITY EMPLOYEES FEDERAL CREDIT UNION |
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Address: (Main Office) | 2845 Temple Ave SIGNAL HILL, CA 90755-2212 |
Phone: | (562) 595-4725 |
Fax: | (562) 595-1403 |
Website: | https://www.lbcefcu.org |
Branches: | 1 branch locations |
Members: | 9,698 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 1438 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $284,338,177 |
CEO/Manager: | Kathleen O'Connell |
Chairperson: | Beverly Nieves |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,571,704 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 86,056,424 |
Unsecured Loans | 5,080,137 |
Other Loans | 23,111,274 |
TOTAL LOANS | 114,247,835 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -125,941 |
Land And Building | 1,938,122 |
Other Fixed Assets | 308,757 |
NCUSIF Deposit | 2,540,030 |
All Other Assets | 0 |
TOTAL ASSETS | 284,338,177 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 6,300,000 |
Accounts Payable & Other Liabilities | 1,083,730 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 18,634,977 |
Regular shares | 234,576,660 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 253,211,637 |
TOTAL LIABILITIES | 260,595,367 |
Regular Reserve | 0 |
Other Reserves | -13,125,515 |
Undivided Earnings | 36,868,325 |
TOTAL EQUITY | 23,742,810 |
TOTAL LIABILITIES, SHARES, & EQUITY | 284,338,177 |
INCOME & EXPENSE | |
Loan Income | 4,175,145 |
Investment Income | 1,692,548 |
Other Income | 627,754 |
Total Employee Compensation & Benefits | 2,340,640 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,326,080 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 105,388 |
Cost of Funds | 2,210,286 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -795,196 |
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