Mar, 31, 2021 — FEDERAL EMPLOYEES WEST FEDERAL CREDIT UNION is a federal credit union headquartered in LOS ANGELES, CA with 1 branch location and about $12.49 million in total assets. Opened 63 years ago in 1958, FEDERAL EMPLOYEES WEST FEDERAL CREDIT UNION has about 1,483 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FEDERAL EMPLOYEES WEST FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 611 W 6TH ST STE 875 LOS ANGELES, CA 90017-3117 |
| Phone: | (213) 327-2093 |
| Fax: | (213) 327-0634 |
| Website: | http://www.fewfcu.org |
| Branches: | 1 branch locations |
| Members: | 1,483 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 12442 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1958 |
| Last Audited: | Apr 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $12,491,230 |
| CEO/Manager: | Aaron Young |
| Chairperson: | LILY MONTERROSO |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,346,622 |
| TOTAL INVESTMENTS | 7,166,676 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 68,605 |
| Unsecured Loans | 701,540 |
| Other Loans | 2,119,683 |
| TOTAL LOANS | 2,889,828 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -64,288 |
| Land And Building | 0 |
| Other Fixed Assets | 14,631 |
| NCUSIF Deposit | 106,405 |
| All Other Assets | 31,356 |
| TOTAL ASSETS | 12,491,230 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 104 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 17,246 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,140,929 |
| Regular shares | 8,092,835 |
| All Other Shares & Deposits | 1,570,019 |
| TOTAL SHARES & DEPOSITS | 11,803,783 |
| TOTAL LIABILITIES | 11,821,133 |
| Regular Reserve | 233,491 |
| Other Reserves | 0 |
| Undivided Earnings | 436,606 |
| TOTAL EQUITY | 670,097 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 12,491,230 |
| INCOME & EXPENSE | |
| Loan Income | 43,489 |
| Investment Income | 18,399 |
| Other Income | 13,009 |
| Total Employee Compensation & Benefits | 37,020 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 60,359 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 852 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -18,594 |
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