Dec, 31, 2023 — MATSON EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in OAKLAND, CA with 1 branch location and about $25.07 million in total assets. Opened 86 years ago in 1938, MATSON EMPLOYEES FEDERAL CREDIT UNION has about 1,102 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: | MATSON EMPLOYEES FEDERAL CREDIT UNION |
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Address: (Main Office) | 475 14th St Ste 220 OAKLAND, CA 94612 |
Phone: | (510) 628-4358 |
Fax: | (510) 464-2729 |
Website: | https://www.matsoncreditunion.com |
Branches: | 1 branch locations |
Members: | 1,102 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 2843 |
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Membership Type: | Service - Transportation |
Corporate Credit Union: | No |
Year Opened: | 1938 |
Last Audited: | Nov 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $25,067,338 |
CEO/Manager: | Sunny K Tan |
Chairperson: | Donna Simon |
ASSETS: | $ Amount |
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Cash & Equivalents | 459,157 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,198,268 |
Unsecured Loans | 2,057,106 |
Other Loans | 2,723,804 |
TOTAL LOANS | 6,979,178 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -82,948 |
Land And Building | 0 |
Other Fixed Assets | 6,887 |
NCUSIF Deposit | 191,560 |
All Other Assets | 0 |
TOTAL ASSETS | 25,067,338 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 2,000,000 |
Accounts Payable & Other Liabilities | 100,163 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 92,679 |
Regular shares | 14,085,211 |
All Other Shares & Deposits | 1,321,717 |
TOTAL SHARES & DEPOSITS | 15,499,606 |
TOTAL LIABILITIES | 17,599,769 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 7,467,569 |
TOTAL EQUITY | 7,467,569 |
TOTAL LIABILITIES, SHARES, & EQUITY | 25,067,338 |
INCOME & EXPENSE | |
Loan Income | 386,786 |
Investment Income | 356,068 |
Other Income | 16,536 |
Total Employee Compensation & Benefits | 397,522 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 236,701 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,958 |
Cost of Funds | 78,259 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 87,557 |
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