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RANCHO FEDERAL CREDIT UNION

Dec, 31, 2020 — RANCHO FEDERAL CREDIT UNION is a federal credit union headquartered in DOWNEY, CA with 4 branch locations and about $113.39 million in total assets. Opened 85 years ago in 1936, RANCHO FEDERAL CREDIT UNION has about 8,738 members and employs 29 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 90242-3456
Phone:(562) 803-6401
Fax:(562) 803-8798
Website:http://www.ranchofcu.org
Branches:4 branch locations
Members:8,738
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:May 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$113,394,535
CEO/Manager:M. Mitchell Bonca
Chairperson:Jason M Lockhart

Call Report

  • Commercial Loans
  • Credit Builder
  • Debt Cancellation/Suspension
  • Overdraft Protection
  • Pay Day Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 8,815,025
TOTAL INVESTMENTS 46,050,997
Loans Held for Sale 0
 
 Real Estate Loans 38,885,726
 Unsecured Loans 4,611,404
 Other Loans 12,942,229
 TOTAL LOANS 56,439,359
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -148,165
 Land And Building 163,316
 Other Fixed Assets 308,404
 NCUSIF Deposit 975,170
 All Other Assets 790,429
  TOTAL ASSETS 113,394,535
LIABILITIES & CAPITAL:  
 Dividends Payable 23
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 527,899
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 24,135,534
 Regular shares 55,000,105
 All Other Shares & Deposits 25,996,039
  TOTAL SHARES & DEPOSITS 105,131,678
  TOTAL LIABILITIES 105,659,600
 Regular Reserve 1,905,589
 Other Reserves 162,432
 Undivided Earnings 5,666,914
  TOTAL EQUITY 7,734,935
  TOTAL LIABILITIES, SHARES, & EQUITY 113,394,535
INCOME & EXPENSE  
 Loan Income 2,524,093
 Investment Income 538,297
 Other Income 1,652,212
 Total Employee Compensation & Benefits 2,342,417
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,245,227
 Non-operating Income & (Expense) -1,000
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 62,348
 Cost of Funds 166,399
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -102,789
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