Dec, 31, 2023 — FONTANA FEDERAL CREDIT UNION is a federal credit union headquartered in FONTANA, CA with 1 branch location and about $16.85 million in total assets. Opened 65 years ago in 1959, FONTANA FEDERAL CREDIT UNION has about 1,417 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FONTANA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 17235 Arrow Blvd FONTANA, CA 92335 |
| Phone: | (909) 822-6408 |
| Fax: | (909) 822-2035 |
| Website: | https://www.fontanafcu.org |
| Branches: | 1 branch locations |
| Members: | 1,417 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 12898 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $16,853,803 |
| CEO/Manager: | Sossy Hyatt |
| Chairperson: | James Pester |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,235,715 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 956,792 |
| Other Loans | 7,247,921 |
| TOTAL LOANS | 8,204,713 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -44,658 |
| Land And Building | 22,742 |
| Other Fixed Assets | 42,871 |
| NCUSIF Deposit | 157,652 |
| All Other Assets | 0 |
| TOTAL ASSETS | 16,853,803 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -1,000 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,595,126 |
| Regular shares | 10,511,446 |
| All Other Shares & Deposits | 3,272,891 |
| TOTAL SHARES & DEPOSITS | 15,379,462 |
| TOTAL LIABILITIES | 15,378,462 |
| Regular Reserve | 0 |
| Other Reserves | 519,185 |
| Undivided Earnings | 956,156 |
| TOTAL EQUITY | 1,475,341 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 16,853,803 |
| INCOME & EXPENSE | |
| Loan Income | 383,247 |
| Investment Income | 114,238 |
| Other Income | 89,829 |
| Total Employee Compensation & Benefits | 241,993 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 305,222 |
| Non-operating Income & (Expense) | 60,120 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 19,079 |
| Cost of Funds | 39,115 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 67,889 |
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