Dec, 31, 2023 — EAST COUNTY SCHOOLS FEDERAL CREDIT UNION is a federal credit union headquartered in EL CAJON, CA with 1 branch location and about $152.74 million in total assets. Opened 68 years ago in 1956, EAST COUNTY SCHOOLS FEDERAL CREDIT UNION has about 4,643 members and employs 18 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: | https://www.eastcountyschools.org |
| Branches: | 1 branch locations |
| Members: | 4,643 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11099 |
|---|---|
| Membership Type: | Educational |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $152,735,373 |
| CEO/Manager: | Steven A Devan |
| Chairperson: | Paul Schnaubelt |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,519,902 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 54,216,007 |
| Unsecured Loans | 5,188,336 |
| Other Loans | 21,133,845 |
| TOTAL LOANS | 80,538,188 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -213,487 |
| Land And Building | 1,707,137 |
| Other Fixed Assets | 569,112 |
| NCUSIF Deposit | 1,153,344 |
| All Other Assets | 0 |
| TOTAL ASSETS | 152,735,373 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,490,579 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 47,932,776 |
| Regular shares | 38,193,810 |
| All Other Shares & Deposits | 52,603,218 |
| TOTAL SHARES & DEPOSITS | 138,729,804 |
| TOTAL LIABILITIES | 140,220,383 |
| Regular Reserve | 0 |
| Other Reserves | -2,788 |
| Undivided Earnings | 12,517,778 |
| TOTAL EQUITY | 12,514,990 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 152,735,373 |
| INCOME & EXPENSE | |
| Loan Income | 3,026,678 |
| Investment Income | 1,048,574 |
| Other Income | 92,494 |
| Total Employee Compensation & Benefits | 1,818,260 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,620,510 |
| Non-operating Income & (Expense) | 61,379 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 93,119 |
| Cost of Funds | 960,869 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 180,580 |
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