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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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