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MOJAVE PLANT EMPLOYEES FEDERAL CREDIT UNION

Dec, 31, 2023 — MOJAVE PLANT EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in MOJAVE, CA with 1 branch location and about $1.36 million in total assets. Opened 67 years ago in 1957, MOJAVE PLANT EMPLOYEES FEDERAL CREDIT UNION has about 213 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:MOJAVE PLANT EMPLOYEES FEDERAL CREDIT UNION
Address:
(Main Office)
9350 OAK CREEK RD
MOJAVE, CA 93501-7738
Phone:(661) 823-3732
Fax:(661) 823-3740
Website:n/a
Branches:1 branch locations
Members:213
Credit Union Type:Federal Credit Union
Charter Number:11900
Membership Type:Manufacturing - All Other
Corporate Credit Union:No
Year Opened:1957
Last Audited:Jun 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$1,355,090
CEO/Manager:Badri Saljooghi
Chairperson:Steve Salyer

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 110,488
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 118,077
 Other Loans 742,046
 TOTAL LOANS 860,123
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -45,000
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 13,962
 All Other Assets 0
  TOTAL ASSETS 1,355,090
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 435
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 1,174,196
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 1,174,196
  TOTAL LIABILITIES 1,174,631
 Regular Reserve 0
 Other Reserves 42,163
 Undivided Earnings 138,296
  TOTAL EQUITY 180,459
  TOTAL LIABILITIES, SHARES, & EQUITY 1,355,090
INCOME & EXPENSE  
 Loan Income 49,066
 Investment Income 12,671
 Other Income 531
 Total Employee Compensation & Benefits 42,534
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 4,228
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 12,945
 Cost of Funds 8,371
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -4,776
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