Dec, 31, 2023 — MATTEL FEDERAL CREDIT UNION is a federal credit union headquartered in EL SEGUNDO, CA with 1 branch location and about $28.17 million in total assets. Opened 72 years ago in 1952, MATTEL FEDERAL CREDIT UNION has about 2,380 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MATTEL FEDERAL CREDIT UNION |
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Address: (Main Office) | 333 Continental Blvd EL SEGUNDO, CA 90245 |
Phone: | (310) 252-4545 |
Fax: | (310) 252-3819 |
Website: | https://www.mattelfcu.org |
Branches: | 1 branch locations |
Members: | 2,380 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 8261 |
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Membership Type: | Multiple common bond - Primarily other manufacturing |
Corporate Credit Union: | No |
Year Opened: | 1952 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $28,174,229 |
CEO/Manager: | Jon Hernandez |
Chairperson: | Randy Hollis |
ASSETS: | $ Amount |
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Cash & Equivalents | 143,183 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 17,206,565 |
Unsecured Loans | 1,008,457 |
Other Loans | 4,573,835 |
TOTAL LOANS | 22,788,858 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -75,463 |
Land And Building | 0 |
Other Fixed Assets | 48,433 |
NCUSIF Deposit | 251,763 |
All Other Assets | 0 |
TOTAL ASSETS | 28,174,229 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 500,000 |
Accounts Payable & Other Liabilities | 26,008 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 4,560,431 |
Regular shares | 12,523,274 |
All Other Shares & Deposits | 7,432,462 |
TOTAL SHARES & DEPOSITS | 24,516,168 |
TOTAL LIABILITIES | 25,042,176 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 3,132,053 |
TOTAL EQUITY | 3,132,053 |
TOTAL LIABILITIES, SHARES, & EQUITY | 28,174,229 |
INCOME & EXPENSE | |
Loan Income | 974,963 |
Investment Income | 92,299 |
Other Income | 56,980 |
Total Employee Compensation & Benefits | 404,317 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 574,103 |
Non-operating Income & (Expense) | 16,050 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,303 |
Cost of Funds | 229,526 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -30,149 |
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