Dec, 31, 2021 — DOWNEY FEDERAL CREDIT UNION is a federal credit union headquartered in DOWNEY, CA with 1 branch location and about $313.11 million in total assets. Opened 65 years ago in 1957, DOWNEY FEDERAL CREDIT UNION has about 18,769 members and employs 56 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) | 8237 3rd St DOWNEY, CA 90241-3718 |
| Phone: | (562) 862-8141 |
| Fax: | (562) 622-0791 |
| Website: | http://www.downeyfcu.org |
| Branches: | 1 branch locations |
| Members: | 18,769 |
| 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: | $313,105,850 |
| CEO/Manager: | Raymond G Mesler |
| Chairperson: | Laura Lueke Kramer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 32,591,151 |
| TOTAL INVESTMENTS | 160,816,142 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 62,011,540 |
| Unsecured Loans | 15,420,466 |
| Other Loans | 35,389,567 |
| TOTAL LOANS | 112,821,573 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -525,890 |
| Land And Building | 100,654 |
| Other Fixed Assets | 303,354 |
| NCUSIF Deposit | 2,516,134 |
| All Other Assets | 4,482,732 |
| TOTAL ASSETS | 313,105,850 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 126,741 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,157,297 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 48,312,516 |
| Regular shares | 147,162,687 |
| All Other Shares & Deposits | 85,634,929 |
| TOTAL SHARES & DEPOSITS | 281,110,132 |
| TOTAL LIABILITIES | 284,394,170 |
| Regular Reserve | 1,659,639 |
| Other Reserves | -1,416,514 |
| Undivided Earnings | 28,468,555 |
| TOTAL EQUITY | 28,711,680 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 313,105,850 |
| INCOME & EXPENSE | |
| Loan Income | 4,929,217 |
| Investment Income | 1,868,107 |
| Other Income | 476,285 |
| Total Employee Compensation & Benefits | 4,427,929 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,267,150 |
| Non-operating Income & (Expense) | 1,127 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 165,000 |
| Cost of Funds | 741,364 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 704,877 |
| ↑ Back to Top | |