Dec, 31, 2023 — MISSION CITY FEDERAL CREDIT UNION is a federal credit union headquartered in SANTA CLARA, CA with 1 branch location and about $157.71 million in total assets. Opened 65 years ago in 1959, MISSION CITY FEDERAL CREDIT UNION has about 4,226 members and employs 15 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MISSION CITY FEDERAL CREDIT UNION |
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Address: (Main Office) | 1391 Franklin St SANTA CLARA, CA 95050-4710 |
Phone: | (408) 244-5818 |
Fax: | (408) 244-9390 |
Website: | https://www.missioncityfcu.org |
Branches: | 1 branch locations |
Members: | 4,226 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 13131 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1959 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $157,708,878 |
CEO/Manager: | David Waterman |
Chairperson: | Thai Tran |
ASSETS: | $ Amount |
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Cash & Equivalents | 9,605,984 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 57,417,140 |
Unsecured Loans | 7,300,588 |
Other Loans | 34,661,358 |
TOTAL LOANS | 99,379,087 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -207,416 |
Land And Building | 0 |
Other Fixed Assets | 51,009 |
NCUSIF Deposit | 1,188,248 |
All Other Assets | 33,142 |
TOTAL ASSETS | 157,708,878 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 4 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 5,475,054 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 25,772,011 |
Regular shares | 38,078,442 |
All Other Shares & Deposits | 77,757,562 |
TOTAL SHARES & DEPOSITS | 141,608,015 |
TOTAL LIABILITIES | 147,083,073 |
Regular Reserve | 0 |
Other Reserves | -2,001,079 |
Undivided Earnings | 12,626,884 |
TOTAL EQUITY | 10,625,805 |
TOTAL LIABILITIES, SHARES, & EQUITY | 157,708,878 |
INCOME & EXPENSE | |
Loan Income | 4,372,634 |
Investment Income | 522,214 |
Other Income | 177,467 |
Total Employee Compensation & Benefits | 2,084,429 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,741,192 |
Non-operating Income & (Expense) | 3,075,000 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 46,272 |
Cost of Funds | 1,995,197 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,930,524 |
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