Mar, 31, 2021 — EAST COUNTY SCHOOLS FEDERAL CREDIT UNION is a federal credit union headquartered in EL CAJON, CA with 1 branch location and about $140.47 million in total assets. Opened 65 years ago in 1956, EAST COUNTY SCHOOLS FEDERAL CREDIT UNION has about 4,455 members and employs 19 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | EAST COUNTY SCHOOLS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1069 GRAVES AVE STE 100 EL CAJON, CA 92021-4573 |
| Phone: | (619) 588-1515 |
| Fax: | (619) 588-2197 |
| Website: | http://www.eastcountyschools.org |
| Branches: | 1 branch locations |
| Members: | 4,455 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11099 |
|---|---|
| Membership Type: | Educational |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Jun 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $140,468,955 |
| CEO/Manager: | Steven A Devan |
| Chairperson: | Patricia Floyd |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 14,962,780 |
| TOTAL INVESTMENTS | 49,254,191 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 48,713,577 |
| Unsecured Loans | 4,484,096 |
| Other Loans | 19,542,333 |
| TOTAL LOANS | 72,740,006 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -277,398 |
| Land And Building | 1,758,184 |
| Other Fixed Assets | 190,008 |
| NCUSIF Deposit | 948,997 |
| All Other Assets | 892,187 |
| TOTAL ASSETS | 140,468,955 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,406,818 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 37,085,731 |
| Regular shares | 39,353,241 |
| All Other Shares & Deposits | 51,394,914 |
| TOTAL SHARES & DEPOSITS | 127,833,886 |
| TOTAL LIABILITIES | 129,240,704 |
| Regular Reserve | 4,132,774 |
| Other Reserves | -67 |
| Undivided Earnings | 7,095,544 |
| TOTAL EQUITY | 11,228,251 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 140,468,955 |
| INCOME & EXPENSE | |
| Loan Income | 603,414 |
| Investment Income | 95,718 |
| Other Income | 24,022 |
| Total Employee Compensation & Benefits | 444,242 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 357,463 |
| Non-operating Income & (Expense) | 9,244 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,156 |
| Cost of Funds | 107,345 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -62,312 |
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