Dec, 31, 2023 — SCE FEDERAL CREDIT UNION (SCE FCU) is a federal credit union headquartered in IRWINDALE, CA with 10 branch locations and about $1.07 billion in total assets. Opened 72 years ago in 1952, SCE FEDERAL CREDIT UNION (SCE FCU) has about 67,440 members and employs 172 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SCE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 12701 Schabarum Ave IRWINDALE, CA 91706 |
| Phone: | (626) 960-6888 |
| Fax: | (626) 646-2255 |
| Website: | https://www.scefcu.org |
| Branches: | 10 branch locations |
| Members: | 67,440 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7835 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,069,820,640 |
| CEO/Manager: | Jennifer Q Oliver |
| Chairperson: | Michael C Maxwell |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 61,317,878 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 401,571,824 |
| Unsecured Loans | 78,748,353 |
| Other Loans | 315,634,128 |
| TOTAL LOANS | 795,954,306 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -8,172,557 |
| Land And Building | 13,059,080 |
| Other Fixed Assets | 1,160,662 |
| NCUSIF Deposit | 8,236,964 |
| All Other Assets | 250,767 |
| TOTAL ASSETS | 1,069,820,640 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 205,877 |
| Notes & Interest Payable | 86,000,000 |
| Accounts Payable & Other Liabilities | 16,130,503 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 166,958,683 |
| Regular shares | 209,534,553 |
| All Other Shares & Deposits | 513,590,353 |
| TOTAL SHARES & DEPOSITS | 890,083,589 |
| TOTAL LIABILITIES | 992,419,969 |
| Regular Reserve | 0 |
| Other Reserves | -15,211,892 |
| Undivided Earnings | 92,612,563 |
| TOTAL EQUITY | 77,400,671 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,069,820,640 |
| INCOME & EXPENSE | |
| Loan Income | 38,584,076 |
| Investment Income | 7,682,163 |
| Other Income | 10,460,168 |
| Total Employee Compensation & Benefits | 19,622,282 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 17,317,250 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,680,938 |
| Cost of Funds | 14,230,031 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 6,268,181 |
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