Dec, 31, 2020 — FEDERAL EMPLOYEES WEST FEDERAL CREDIT UNION is a federal credit union headquartered in LOS ANGELES, CA with 1 branch location and about $12.08 million in total assets. Opened 63 years ago in 1958, FEDERAL EMPLOYEES WEST FEDERAL CREDIT UNION has about 1,523 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 |
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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: | 1,523 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 12442 |
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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: | $12,078,710 |
CEO/Manager: | Aaron Young |
Chairperson: | LILY MONTERROSO |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,854,522 |
TOTAL INVESTMENTS | 7,159,636 |
Loans Held for Sale | 0 |
Real Estate Loans | 93,411 |
Unsecured Loans | 778,357 |
Other Loans | 2,106,438 |
TOTAL LOANS | 2,978,206 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -70,534 |
Land And Building | 0 |
Other Fixed Assets | 18,151 |
NCUSIF Deposit | 106,405 |
All Other Assets | 32,324 |
TOTAL ASSETS | 12,078,710 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 104 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 17,111 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,181,580 |
Regular shares | 7,605,290 |
All Other Shares & Deposits | 1,585,933 |
TOTAL SHARES & DEPOSITS | 11,372,803 |
TOTAL LIABILITIES | 11,390,018 |
Regular Reserve | 233,491 |
Other Reserves | 0 |
Undivided Earnings | 455,201 |
TOTAL EQUITY | 688,692 |
TOTAL LIABILITIES, SHARES, & EQUITY | 12,078,710 |
INCOME & EXPENSE | |
Loan Income | 209,996 |
Investment Income | 120,669 |
Other Income | 88,326 |
Total Employee Compensation & Benefits | 173,965 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 264,348 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 52,259 |
Cost of Funds | 10,232 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -81,813 |
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