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RANCHO FEDERAL CREDIT UNION

Sep, 30, 2022 — RANCHO FEDERAL CREDIT UNION is a federal credit union headquartered in DOWNEY, CA with 3 branch locations and about $119.14 million in total assets. Opened 87 years ago in 1936, RANCHO FEDERAL CREDIT UNION has about 8,511 members and employs 21 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:RANCHO FEDERAL CREDIT UNION
Address:
(Main Office)
12620 Erickson Ave Ste H
DOWNEY, CA 90242-4019
Phone:(562) 803-6401
Fax:(562) 803-8798
Website:https://www.ranchofcu.org
Branches:3 branch locations
Members:8,511
Credit Union Type:Federal Credit Union
Charter Number:1204
Membership Type:Multiple common bond - Primarily federal, state, local government
Corporate Credit Union:No
Year Opened:1936
Last Audited:Sep 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$119,144,864
CEO/Manager:M. Mitchell Bonca
Chairperson:Jason M Lockhart

Call Report

  • Payday Alternative Loans (PAL Loans)
  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 10,039,770
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 34,889,192
 Unsecured Loans 3,950,997
 Other Loans 20,865,484
 TOTAL LOANS 59,705,673
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -44,924
 Land And Building 41,045
 Other Fixed Assets 156,636
 NCUSIF Deposit 1,098,428
 All Other Assets 0
  TOTAL ASSETS 119,144,864
LIABILITIES & CAPITAL:  
 Dividends Payable 261
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,358,144
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 26,250,231
 Regular shares 62,036,003
 All Other Shares & Deposits 22,594,383
  TOTAL SHARES & DEPOSITS 110,880,617
  TOTAL LIABILITIES 112,239,022
 Regular Reserve 0
 Other Reserves 1,328,382
 Undivided Earnings 5,577,460
  TOTAL EQUITY 6,905,842
  TOTAL LIABILITIES, SHARES, & EQUITY 119,144,864
INCOME & EXPENSE  
 Loan Income 1,537,685
 Investment Income 345,662
 Other Income 926,719
 Total Employee Compensation & Benefits 1,329,969
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,619,091
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 41,350
 Cost of Funds 24,694
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 78,790
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