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DOWNEY FEDERAL CREDIT UNION

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.


ABA Routing Number: 322275115
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

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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
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