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 |
| 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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