Dec, 31, 2020 — EAST COUNTY SCHOOLS FEDERAL CREDIT UNION is a federal credit union headquartered in EL CAJON, CA with 2 branch locations and about $135.13 million in total assets. Opened 65 years ago in 1956, EAST COUNTY SCHOOLS FEDERAL CREDIT UNION has about 4,459 members and employs 20 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: | 2 branch locations |
| Members: | 4,459 |
| 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: | $135,132,348 |
| CEO/Manager: | Steven A Devan |
| Chairperson: | Patricia Floyd |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 29,377,609 |
| TOTAL INVESTMENTS | 27,438,611 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 49,241,929 |
| Unsecured Loans | 4,710,597 |
| Other Loans | 20,830,135 |
| TOTAL LOANS | 74,782,661 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -279,977 |
| Land And Building | 1,884,062 |
| Other Fixed Assets | 74,473 |
| NCUSIF Deposit | 948,997 |
| All Other Assets | 905,912 |
| TOTAL ASSETS | 135,132,348 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,076,305 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 38,138,237 |
| Regular shares | 35,737,713 |
| All Other Shares & Deposits | 48,887,357 |
| TOTAL SHARES & DEPOSITS | 122,763,307 |
| TOTAL LIABILITIES | 123,839,612 |
| Regular Reserve | 4,132,774 |
| Other Reserves | 2,106 |
| Undivided Earnings | 7,157,856 |
| TOTAL EQUITY | 11,292,736 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 135,132,348 |
| INCOME & EXPENSE | |
| Loan Income | 3,193,513 |
| Investment Income | 482,554 |
| Other Income | 419,119 |
| Total Employee Compensation & Benefits | 1,833,025 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,478,347 |
| Non-operating Income & (Expense) | 50,806 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 36,444 |
| Cost of Funds | 555,359 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 242,817 |
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