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FEDERAL EMPLOYEES WEST FEDERAL CREDIT UNION

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.


ABA Routing Number: 322076152
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

Call Report

  • Credit Builder
  • Overdraft Protection
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Check Cashing
  • Insurance/Investment Sales
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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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