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RANCHO FEDERAL CREDIT UNION

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
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
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

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 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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