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 |
| 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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