FEDERAL EMPLOYEES WEST FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.fewfcu.org for more information.
Dec, 31, 2023 — FEDERAL EMPLOYEES WEST FEDERAL CREDIT UNION is a federal credit union headquartered in LOS ANGELES, CA with 1 branch location and about $12.47 million in total assets. Opened 66 years ago in 1958, FEDERAL EMPLOYEES WEST FEDERAL CREDIT UNION has about 1,434 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: | https://www.fewfcu.org |
Branches: | 1 branch locations |
Members: | 1,434 |
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: | $12,474,871 |
CEO/Manager: | Aaron Young |
Chairperson: | LILY MONTERROSO |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,629,118 |
TOTAL INVESTMENTS | 6,137,680 |
Loans Held for Sale | 0 |
Real Estate Loans | 65,822 |
Unsecured Loans | 634,103 |
Other Loans | 1,899,936 |
TOTAL LOANS | 2,599,861 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -33,000 |
Land And Building | 0 |
Other Fixed Assets | 11,111 |
NCUSIF Deposit | 113,728 |
All Other Assets | 16,373 |
TOTAL ASSETS | 12,474,871 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 241,406 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,342,875 |
Regular shares | 7,854,871 |
All Other Shares & Deposits | 1,601,817 |
TOTAL SHARES & DEPOSITS | 11,799,563 |
TOTAL LIABILITIES | 12,040,969 |
Regular Reserve | 233,491 |
Other Reserves | 0 |
Undivided Earnings | 200,411 |
TOTAL EQUITY | 433,902 |
TOTAL LIABILITIES, SHARES, & EQUITY | 12,474,871 |
INCOME & EXPENSE | |
Loan Income | 84,958 |
Investment Income | 34,531 |
Other Income | 27,482 |
Total Employee Compensation & Benefits | 74,168 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 364,409 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -30,944 |
Cost of Funds | 1,712 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -254,789 |
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