Dec, 31, 2023 — LA LOMA FEDERAL CREDIT UNION is a federal credit union headquartered in BRYN MAWR, CA with 3 branch locations and about $113.25 million in total assets. Opened 69 years ago in 1955, LA LOMA FEDERAL CREDIT UNION has about 13,593 members and employs 25 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | LA LOMA FEDERAL CREDIT UNION |
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Address: (Main Office) | 26151 Mayberry St BRYN MAWR, CA 92318 |
Phone: | (909) 796-0206 |
Fax: | (909) 266-0469 |
Website: | https://www.llfcu.org |
Branches: | 3 branch locations |
Members: | 13,593 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 10351 |
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Membership Type: | Multiple common bond - Primarily faith based |
Corporate Credit Union: | No |
Year Opened: | 1955 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $113,253,968 |
CEO/Manager: | Daniel Penrod |
Chairperson: | Dell Jean Van Fossen |
ASSETS: | $ Amount |
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Cash & Equivalents | 9,706,593 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 34,832,986 |
Unsecured Loans | 4,565,831 |
Other Loans | 33,246,988 |
TOTAL LOANS | 72,645,805 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -260,719 |
Land And Building | 4,598,036 |
Other Fixed Assets | 399,351 |
NCUSIF Deposit | 1,024,917 |
All Other Assets | 12,000 |
TOTAL ASSETS | 113,253,968 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,176,549 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 25,261,973 |
Regular shares | 70,884,855 |
All Other Shares & Deposits | 12,125,582 |
TOTAL SHARES & DEPOSITS | 108,272,410 |
TOTAL LIABILITIES | 109,448,959 |
Regular Reserve | 0 |
Other Reserves | -5,078,405 |
Undivided Earnings | 8,883,414 |
TOTAL EQUITY | 3,805,009 |
TOTAL LIABILITIES, SHARES, & EQUITY | 113,253,968 |
INCOME & EXPENSE | |
Loan Income | 3,070,505 |
Investment Income | 800,461 |
Other Income | 443,629 |
Total Employee Compensation & Benefits | 1,746,030 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,757,145 |
Non-operating Income & (Expense) | 665 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 224,389 |
Cost of Funds | 220,789 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 839,090 |
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