Sep, 30, 2025 — DOWNEY FEDERAL CREDIT UNION is a federal credit union headquartered in DOWNEY, CA with 1 branch location and about $326.78 million in total assets. Opened 69 years ago in 1957, DOWNEY FEDERAL CREDIT UNION has about 19,064 members and employs 63 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | DOWNEY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 8237 3rd St DOWNEY, CA 90241-3718 |
| Phone: | (562) 862-8141 |
| Fax: | (562) 622-0791 |
| Website: | https://www.downeyfcu.org |
| Branches: | 1 branch locations |
| Members: | 19,064 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11870 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $326,781,547 |
| CEO/Manager: | Raymond G Mesler |
| Chairperson: | Robert J Becker |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 19,710,382 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 121,608,445 |
| Unsecured Loans | 23,195,473 |
| Other Loans | 38,249,400 |
| TOTAL LOANS | 183,053,317 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,039,093 |
| Land And Building | 7,420,471 |
| Other Fixed Assets | 997,349 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 2,364,563 |
| All Other Assets | 47,365 |
| TOTAL ASSETS | 326,781,547 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 42,000,000 |
| Accounts Payable & Other Liabilities | 3,493,686 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 52,689,234 |
| Regular shares | 114,094,404 |
| All Other Shares & Deposits | 93,885,408 |
| TOTAL SHARES & DEPOSITS | 260,669,046 |
| TOTAL LIABILITIES | 306,162,732 |
| Regular Reserve | 0 |
| Other Reserves | -7,568,371 |
| Undivided Earnings | 28,187,186 |
| TOTAL EQUITY | 20,618,815 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 326,781,547 |
| INCOME & EXPENSE | |
| Loan Income | 8,233,424 |
| Investment Income | 2,404,434 |
| Other Income | 583,228 |
| Total Employee Compensation & Benefits | 4,022,760 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 3,761,052 |
| Non-operating Income & (Expense) | -7,895 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,706,000 |
| Cost of Funds | 3,470,170 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -423,384 |
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