Mar, 31, 2022 — RANCHO FEDERAL CREDIT UNION is a federal credit union headquartered in DOWNEY, CA with 3 branch locations and about $119.10 million in total assets. Opened 86 years ago in 1936, RANCHO FEDERAL CREDIT UNION has about 8,696 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 |
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Address: (Main Office) | 12620 Erickson Ave Ste H DOWNEY, CA 90242-4019 |
Phone: | (562) 803-6401 |
Fax: | (562) 803-8798 |
Website: | http://www.ranchofcu.org |
Branches: | 3 branch locations |
Members: | 8,696 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 1204 |
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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: | $119,099,635 |
CEO/Manager: | M. Mitchell Bonca |
Chairperson: | Jason M Lockhart |
ASSETS: | $ Amount |
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Cash & Equivalents | 11,157,857 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 36,315,666 |
Unsecured Loans | 4,411,096 |
Other Loans | 20,642,397 |
TOTAL LOANS | 61,369,159 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -44,246 |
Land And Building | 48,010 |
Other Fixed Assets | 224,241 |
NCUSIF Deposit | 1,117,874 |
All Other Assets | 0 |
TOTAL ASSETS | 119,099,635 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 73 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 581,068 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 25,859,644 |
Regular shares | 61,150,394 |
All Other Shares & Deposits | 24,345,409 |
TOTAL SHARES & DEPOSITS | 111,355,447 |
TOTAL LIABILITIES | 111,936,588 |
Regular Reserve | 0 |
Other Reserves | 1,585,587 |
Undivided Earnings | 5,577,460 |
TOTAL EQUITY | 7,163,047 |
TOTAL LIABILITIES, SHARES, & EQUITY | 119,099,635 |
INCOME & EXPENSE | |
Loan Income | 501,910 |
Investment Income | 101,703 |
Other Income | 289,067 |
Total Employee Compensation & Benefits | 457,043 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 541,934 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,794 |
Cost of Funds | 9,076 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -31,843 |
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