Jun, 30, 2021 — DOWNEY FEDERAL CREDIT UNION is a federal credit union headquartered in DOWNEY, CA with 1 branch location and about $302.34 million in total assets. Opened 64 years ago in 1957, DOWNEY FEDERAL CREDIT UNION has about 18,376 members and employs 61 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) | P.O. BOX 4639 DOWNEY, CA 90241-1639 |
| Phone: | (562) 862-8141 |
| Fax: | (562) 622-0791 |
| Website: | http://www.downeyfcu.org |
| Branches: | 1 branch locations |
| Members: | 18,376 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $302,339,729 |
| CEO/Manager: | Raymond G Mesler |
| Chairperson: | Laura Lueke Kramer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 42,529,884 |
| TOTAL INVESTMENTS | 145,198,969 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 59,807,084 |
| Unsecured Loans | 15,549,959 |
| Other Loans | 33,479,818 |
| TOTAL LOANS | 108,836,861 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -512,334 |
| Land And Building | 100,654 |
| Other Fixed Assets | 184,012 |
| NCUSIF Deposit | 2,290,479 |
| All Other Assets | 3,711,204 |
| TOTAL ASSETS | 302,339,729 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 159,535 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,612,703 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 43,256,134 |
| Regular shares | 141,423,595 |
| All Other Shares & Deposits | 85,217,778 |
| TOTAL SHARES & DEPOSITS | 269,897,507 |
| TOTAL LIABILITIES | 272,669,745 |
| Regular Reserve | 1,659,639 |
| Other Reserves | -16,148 |
| Undivided Earnings | 28,026,493 |
| TOTAL EQUITY | 29,669,984 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 302,339,729 |
| INCOME & EXPENSE | |
| Loan Income | 2,438,929 |
| Investment Income | 794,724 |
| Other Income | 222,380 |
| Total Employee Compensation & Benefits | 2,221,958 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,576,507 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 389,314 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 262,814 |
| ↑ Back to Top | |