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DOWNEY FEDERAL CREDIT UNION

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.


ABA Routing Number: 322275115
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.

Call Report

  • Indirect Mortgage Loans
  • Overdraft Lines of Credit
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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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