Dec, 31, 2023 — INLAND FEDERAL CREDIT UNION is a federal credit union headquartered in LA MESA, CA with 1 branch location and about $15.57 million in total assets. Opened 64 years ago in 1960, INLAND FEDERAL CREDIT UNION has about 1,389 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | INLAND FEDERAL CREDIT UNION |
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Address: (Main Office) | 8811 Grossmont Blvd LA MESA, CA 91942 |
Phone: | (619) 444-5656 |
Fax: | (619) 444-2795 |
Website: | https://www.inlandfederal.org |
Branches: | 1 branch locations |
Members: | 1,389 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14016 |
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Membership Type: | Multiple common bond - Primarily faith based |
Corporate Credit Union: | No |
Year Opened: | 1960 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $15,570,884 |
CEO/Manager: | Jeffrey D Lower |
Chairperson: | Kathy Sladek |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,097,622 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 4,210,236 |
Unsecured Loans | 1,094,871 |
Other Loans | 4,715,502 |
TOTAL LOANS | 10,020,609 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -55,753 |
Land And Building | 3,103,631 |
Other Fixed Assets | 4,018 |
NCUSIF Deposit | 139,124 |
All Other Assets | 0 |
TOTAL ASSETS | 15,570,884 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 78,521 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 4,576,387 |
Regular shares | 7,800,749 |
All Other Shares & Deposits | 1,926,855 |
TOTAL SHARES & DEPOSITS | 14,303,991 |
TOTAL LIABILITIES | 14,382,512 |
Regular Reserve | 0 |
Other Reserves | 181,101 |
Undivided Earnings | 1,007,271 |
TOTAL EQUITY | 1,188,372 |
TOTAL LIABILITIES, SHARES, & EQUITY | 15,570,884 |
INCOME & EXPENSE | |
Loan Income | 589,486 |
Investment Income | 46,551 |
Other Income | 105,035 |
Total Employee Compensation & Benefits | 290,614 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 384,823 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 32,909 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 92,474 |
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