Dec, 31, 2020 — DOWNEY FEDERAL CREDIT UNION is a federal credit union headquartered in DOWNEY, CA with 1 branch location and about $275.21 million in total assets. Opened 64 years ago in 1957, DOWNEY FEDERAL CREDIT UNION has about 17,964 members and employs 57 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 |
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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: | 17,964 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 11870 |
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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: | $275,213,973 |
CEO/Manager: | Raymond G Mesler |
Chairperson: | Brian Brown, M. D. |
ASSETS: | $ Amount |
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Cash & Equivalents | 76,509,111 |
TOTAL INVESTMENTS | 90,291,235 |
Loans Held for Sale | 0 |
Real Estate Loans | 54,593,654 |
Unsecured Loans | 15,898,393 |
Other Loans | 32,932,583 |
TOTAL LOANS | 103,424,630 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -663,852 |
Land And Building | 103,617 |
Other Fixed Assets | 173,891 |
NCUSIF Deposit | 2,096,858 |
All Other Assets | 3,278,483 |
TOTAL ASSETS | 275,213,973 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 182,204 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,273,144 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 40,937,434 |
Regular shares | 120,911,237 |
All Other Shares & Deposits | 80,114,171 |
TOTAL SHARES & DEPOSITS | 241,962,842 |
TOTAL LIABILITIES | 244,418,190 |
Regular Reserve | 1,659,639 |
Other Reserves | 1,372,465 |
Undivided Earnings | 27,763,679 |
TOTAL EQUITY | 30,795,783 |
TOTAL LIABILITIES, SHARES, & EQUITY | 275,213,973 |
INCOME & EXPENSE | |
Loan Income | 5,419,713 |
Investment Income | 1,772,179 |
Other Income | 2,234,254 |
Total Employee Compensation & Benefits | 4,087,485 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,993,776 |
Non-operating Income & (Expense) | -275 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 449,100 |
Cost of Funds | 848,577 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,046,933 |
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