Jun, 30, 2024 — RANCHO FEDERAL CREDIT UNION is a federal credit union headquartered in DOWNEY, CA with 3 branch locations and about $119.14 million in total assets. Opened 89 years ago in 1936, RANCHO FEDERAL CREDIT UNION has about 8,511 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: | https://www.ranchofcu.org |
| Branches: | 3 branch locations |
| Members: | 8,511 |
| 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: | $119,144,864 |
| CEO/Manager: | M. Mitchell Bonca |
| Chairperson: | Jason M Lockhart |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,039,770 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 34,889,192 |
| Unsecured Loans | 3,950,997 |
| Other Loans | 20,865,484 |
| TOTAL LOANS | 59,705,673 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -44,924 |
| Land And Building | 41,045 |
| Other Fixed Assets | 156,636 |
| NCUSIF Deposit | 1,098,428 |
| All Other Assets | 0 |
| TOTAL ASSETS | 119,144,864 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 261 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,358,144 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 26,250,231 |
| Regular shares | 62,036,003 |
| All Other Shares & Deposits | 22,594,383 |
| TOTAL SHARES & DEPOSITS | 110,880,617 |
| TOTAL LIABILITIES | 112,239,022 |
| Regular Reserve | 0 |
| Other Reserves | 1,328,382 |
| Undivided Earnings | 5,577,460 |
| TOTAL EQUITY | 6,905,842 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 119,144,864 |
| INCOME & EXPENSE | |
| Loan Income | 1,537,685 |
| Investment Income | 345,662 |
| Other Income | 926,719 |
| Total Employee Compensation & Benefits | 1,329,969 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,619,091 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 41,350 |
| Cost of Funds | 24,694 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 78,790 |
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