Dec, 31, 2023 — L. A. MISSION FEDERAL CREDIT UNION is a federal credit union headquartered in SAN FERNANDO, CA with 1 branch location and about $8.78 million in total assets. Opened 53 years ago in 1971, L. A. MISSION FEDERAL CREDIT UNION has about 988 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: | L. A. MISSION FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 601 S Brand Blvd Ste 100 SAN FERNANDO, CA 91340-4060 |
| Phone: | (818) 365-1717 |
| Fax: | (818) 365-3373 |
| Website: | https://lamissionfcu.org/ |
| Branches: | 1 branch locations |
| Members: | 988 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 20720 |
|---|---|
| Membership Type: | Multiple common bond - Primarily faith based |
| Corporate Credit Union: | No |
| Year Opened: | 1971 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $8,775,568 |
| CEO/Manager: | Leticia Tejeda |
| Chairperson: | Richard Cardenas |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 430,467 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 375,635 |
| Other Loans | 2,539,953 |
| TOTAL LOANS | 2,915,587 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -24,061 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 81,595 |
| All Other Assets | 0 |
| TOTAL ASSETS | 8,775,568 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 15,314 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 7,901,560 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 7,901,559 |
| TOTAL LIABILITIES | 7,916,873 |
| Regular Reserve | 0 |
| Other Reserves | 152,943 |
| Undivided Earnings | 705,752 |
| TOTAL EQUITY | 858,695 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 8,775,568 |
| INCOME & EXPENSE | |
| Loan Income | 149,269 |
| Investment Income | 141,561 |
| Other Income | 11,232 |
| Total Employee Compensation & Benefits | 113,873 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 87,020 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 22,724 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 75,758 |
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