Mar, 31, 2021 — DOWNEY FEDERAL CREDIT UNION is a federal credit union headquartered in DOWNEY, CA with 1 branch location and about $293.20 million in total assets. Opened 64 years ago in 1957, DOWNEY FEDERAL CREDIT UNION has about 18,215 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) | 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: | 18,215 |
| 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, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $293,200,093 |
| CEO/Manager: | Raymond G Mesler |
| Chairperson: | Brian Brown, M. D. |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 62,036,559 |
| TOTAL INVESTMENTS | 117,386,081 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 59,765,919 |
| Unsecured Loans | 15,863,964 |
| Other Loans | 32,806,777 |
| TOTAL LOANS | 108,436,660 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -580,597 |
| Land And Building | 100,654 |
| Other Fixed Assets | 157,647 |
| NCUSIF Deposit | 2,096,858 |
| All Other Assets | 3,566,231 |
| TOTAL ASSETS | 293,200,093 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 165,027 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,236,796 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 44,512,705 |
| Regular shares | 133,670,077 |
| All Other Shares & Deposits | 83,125,028 |
| TOTAL SHARES & DEPOSITS | 261,307,810 |
| TOTAL LIABILITIES | 263,709,633 |
| Regular Reserve | 1,659,639 |
| Other Reserves | -69 |
| Undivided Earnings | 27,830,890 |
| TOTAL EQUITY | 29,490,460 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 293,200,093 |
| INCOME & EXPENSE | |
| Loan Income | 1,210,930 |
| Investment Income | 375,264 |
| Other Income | 101,504 |
| Total Employee Compensation & Benefits | 1,141,339 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 767,396 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 197,764 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 67,211 |
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