Dec, 31, 2023 — ESCONDIDO FEDERAL CREDIT UNION is a federal credit union headquartered in ESCONDIDO, CA with 1 branch location and about $55.51 million in total assets. Opened 65 years ago in 1959, ESCONDIDO FEDERAL CREDIT UNION has about 2,112 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ESCONDIDO FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 201 N Broadway ESCONDIDO, CA 92025 |
| Phone: | (760) 839-6225 |
| Fax: | (760) 746-1189 |
| Website: | https://www.escondidofcu.com |
| Branches: | 1 branch locations |
| Members: | 2,112 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13402 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $55,511,788 |
| CEO/Manager: | Luz Armenta |
| Chairperson: | Daniel Zorn |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,194,691 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,649,265 |
| Unsecured Loans | 1,944,165 |
| Other Loans | 11,576,387 |
| TOTAL LOANS | 20,169,817 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -116,635 |
| Land And Building | 0 |
| Other Fixed Assets | 59,308 |
| NCUSIF Deposit | 516,514 |
| All Other Assets | 0 |
| TOTAL ASSETS | 55,511,788 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 398,388 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 8,085,092 |
| Regular shares | 27,348,598 |
| All Other Shares & Deposits | 12,728,470 |
| TOTAL SHARES & DEPOSITS | 48,162,160 |
| TOTAL LIABILITIES | 48,560,548 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 6,951,240 |
| TOTAL EQUITY | 6,951,240 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 55,511,788 |
| INCOME & EXPENSE | |
| Loan Income | 996,658 |
| Investment Income | 900,079 |
| Other Income | 85,625 |
| Total Employee Compensation & Benefits | 679,924 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 597,618 |
| Non-operating Income & (Expense) | -1 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 16,624 |
| Cost of Funds | 82,570 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 801,669 |
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