Dec, 31, 2023 — HONDA FEDERAL CREDIT UNION is a federal credit union headquartered in TORRANCE, CA with 11 branch locations and about $1.12 billion in total assets. Opened 58 years ago in 1966, HONDA FEDERAL CREDIT UNION has about 75,780 members and employs 202 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HONDA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 19701 Hamilton Ave ste 130 TORRANCE, CA 90502-1368 |
| Phone: | (800) 634-6632 |
| Fax: | (310) 217-8211 |
| Website: | https://www.hondafcu.org |
| Branches: | 11 branch locations |
| Members: | 75,780 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 17623 |
|---|---|
| Membership Type: | Multiple common bond - Primarily transportation equipment |
| Corporate Credit Union: | No |
| Year Opened: | 1966 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,124,083,595 |
| CEO/Manager: | Steve Brandon |
| Chairperson: | Carl Coe |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 65,905,321 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 582,444,150 |
| Unsecured Loans | 91,312,585 |
| Other Loans | 267,825,132 |
| TOTAL LOANS | 941,581,867 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,850,439 |
| Land And Building | 3,250,616 |
| Other Fixed Assets | 5,077,140 |
| NCUSIF Deposit | 8,718,395 |
| All Other Assets | 121,408 |
| TOTAL ASSETS | 1,124,083,595 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 57,473,952 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 199,640,364 |
| Regular shares | 297,563,051 |
| All Other Shares & Deposits | 477,907,432 |
| TOTAL SHARES & DEPOSITS | 975,110,847 |
| TOTAL LIABILITIES | 1,032,584,799 |
| Regular Reserve | 0 |
| Other Reserves | -11,681,195 |
| Undivided Earnings | 103,179,991 |
| TOTAL EQUITY | 91,498,796 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,124,083,595 |
| INCOME & EXPENSE | |
| Loan Income | 44,058,844 |
| Investment Income | 3,065,255 |
| Other Income | 13,116,377 |
| Total Employee Compensation & Benefits | 23,923,503 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 21,276,044 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,850,000 |
| Cost of Funds | 13,440,093 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -1,237,150 |
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