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 |
|---|---|
| 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. |
| 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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