Dec, 31, 2023 — EDWARDS FEDERAL CREDIT UNION is a federal credit union headquartered in EDWARDS, CA with 2 branch locations and about $270.09 million in total assets. Opened 62 years ago in 1962, EDWARDS FEDERAL CREDIT UNION has about 12,532 members and employs 37 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | EDWARDS FEDERAL CREDIT UNION |
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Address: (Main Office) | 10 S Muroc Dr EDWARDS, CA 93524-8002 |
Phone: | (661) 952-5945 |
Fax: | (661) 258-7244 |
Website: | https://edwardsfcu.org/ |
Branches: | 2 branch locations |
Members: | 12,532 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14830 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1962 |
Last Audited: | Jun 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $270,093,742 |
CEO/Manager: | Carter Pope |
Chairperson: | Martin C O'Brien |
ASSETS: | $ Amount |
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Cash & Equivalents | 15,844,876 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 68,699,265 |
Unsecured Loans | 10,535,540 |
Other Loans | 45,757,052 |
TOTAL LOANS | 124,991,857 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -418,720 |
Land And Building | 9,569,927 |
Other Fixed Assets | 535,532 |
NCUSIF Deposit | 2,486,372 |
All Other Assets | 0 |
TOTAL ASSETS | 270,093,742 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,635,447 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 5,000,000 |
Share Drafts | 57,991,249 |
Regular shares | 141,175,654 |
All Other Shares & Deposits | 53,701,500 |
TOTAL SHARES & DEPOSITS | 252,868,403 |
TOTAL LIABILITIES | 259,503,850 |
Regular Reserve | 0 |
Other Reserves | -7,852,743 |
Undivided Earnings | 18,442,635 |
TOTAL EQUITY | 10,589,892 |
TOTAL LIABILITIES, SHARES, & EQUITY | 270,093,742 |
INCOME & EXPENSE | |
Loan Income | 6,487,232 |
Investment Income | 3,135,694 |
Other Income | 983,567 |
Total Employee Compensation & Benefits | 3,757,621 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 4,808,973 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 234,667 |
Cost of Funds | 1,445,934 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,670,920 |
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