Sep, 30, 2022 — DOWNEY FEDERAL CREDIT UNION is a federal credit union headquartered in DOWNEY, CA with 1 branch location and about $301.37 million in total assets. Opened 66 years ago in 1957, DOWNEY FEDERAL CREDIT UNION has about 18,335 members and employs 58 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: | 18,335 |
| 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, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $301,374,970 |
| CEO/Manager: | Raymond G Mesler |
| Chairperson: | Laura Lueke Kramer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 25,169,324 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 57,941,949 |
| Unsecured Loans | 18,709,599 |
| Other Loans | 37,232,579 |
| TOTAL LOANS | 118,615,303 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -626,025 |
| Land And Building | 6,853,013 |
| Other Fixed Assets | 448,964 |
| NCUSIF Deposit | 2,618,486 |
| All Other Assets | 0 |
| TOTAL ASSETS | 301,374,970 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,406,761 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 51,687,865 |
| Regular shares | 156,705,703 |
| All Other Shares & Deposits | 77,570,091 |
| TOTAL SHARES & DEPOSITS | 285,963,659 |
| TOTAL LIABILITIES | 288,370,420 |
| Regular Reserve | 0 |
| Other Reserves | -15,661,422 |
| Undivided Earnings | 28,665,972 |
| TOTAL EQUITY | 13,004,550 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 301,374,970 |
| INCOME & EXPENSE | |
| Loan Income | 3,858,573 |
| Investment Income | 1,777,717 |
| Other Income | 401,382 |
| Total Employee Compensation & Benefits | 3,669,335 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,633,048 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 423,350 |
| Cost of Funds | 372,656 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 197,417 |
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