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RANCHO FEDERAL CREDIT UNION

Mar, 31, 2021 — RANCHO FEDERAL CREDIT UNION is a federal credit union headquartered in DOWNEY, CA with 4 branch locations and about $120.48 million in total assets. Opened 85 years ago in 1936, RANCHO FEDERAL CREDIT UNION has about 8,657 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:8,657
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:$120,482,616
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 13,590,003
TOTAL INVESTMENTS 46,775,104
Loans Held for Sale 0
 
 Real Estate Loans 39,973,186
 Unsecured Loans 4,177,500
 Other Loans 13,847,344
 TOTAL LOANS 57,998,030
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -90,346
 Land And Building 155,733
 Other Fixed Assets 269,253
 NCUSIF Deposit 975,170
 All Other Assets 809,669
  TOTAL ASSETS 120,482,616
LIABILITIES & CAPITAL:  
 Dividends Payable 79
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 576,282
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 26,104,833
 Regular shares 60,678,326
 All Other Shares & Deposits 25,570,756
  TOTAL SHARES & DEPOSITS 112,353,915
  TOTAL LIABILITIES 112,930,276
 Regular Reserve 1,905,589
 Other Reserves 92,333
 Undivided Earnings 5,554,418
  TOTAL EQUITY 7,552,340
  TOTAL LIABILITIES, SHARES, & EQUITY 120,482,616
INCOME & EXPENSE  
 Loan Income 573,850
 Investment Income 119,305
 Other Income 265,004
 Total Employee Compensation & Benefits 600,509
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 593,934
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -40,168
 Cost of Funds 37,429
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -112,496
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