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DOWNEY FEDERAL CREDIT UNION

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.


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:17,964
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:$275,213,973
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 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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