Dec, 31, 2023 — FOOTHILL FEDERAL CREDIT UNION is a federal credit union headquartered in ARCADIA, CA with 4 branch locations and about $842.98 million in total assets. Opened 66 years ago in 1958, FOOTHILL FEDERAL CREDIT UNION has about 33,168 members and employs 98 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FOOTHILL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 250 W Colorado Blvd ARCADIA, CA 91007 |
| Phone: | (626) 445-0950 |
| Fax: | (626) 445-8042 |
| Website: | https://www.foothillcu.org |
| Branches: | 4 branch locations |
| Members: | 33,168 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 12425 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1958 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $842,983,153 |
| CEO/Manager: | Mike Terzian |
| Chairperson: | Scott Petterson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 146,034,537 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 302,190,243 |
| Unsecured Loans | 28,415,623 |
| Other Loans | 142,210,242 |
| TOTAL LOANS | 472,816,108 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,148,500 |
| Land And Building | 6,813,850 |
| Other Fixed Assets | 3,201,942 |
| NCUSIF Deposit | 6,058,754 |
| All Other Assets | 0 |
| TOTAL ASSETS | 842,983,153 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 130,000,000 |
| Accounts Payable & Other Liabilities | 16,578,087 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 123,711,305 |
| Regular shares | 187,903,556 |
| All Other Shares & Deposits | 312,799,055 |
| TOTAL SHARES & DEPOSITS | 624,413,915 |
| TOTAL LIABILITIES | 770,992,002 |
| Regular Reserve | 0 |
| Other Reserves | -12,656,513 |
| Undivided Earnings | 84,647,664 |
| TOTAL EQUITY | 71,991,151 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 842,983,153 |
| INCOME & EXPENSE | |
| Loan Income | 21,890,114 |
| Investment Income | 9,678,432 |
| Other Income | 5,029,515 |
| Total Employee Compensation & Benefits | 10,901,535 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 9,220,303 |
| Non-operating Income & (Expense) | -266,516 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,004,364 |
| Cost of Funds | 10,837,119 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 6,103,679 |
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