Sep, 30, 2025 — TORRANCE COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in TORRANCE, CA with 1 branch location and about $156.96 million in total assets. Opened 68 years ago in 1958, TORRANCE COMMUNITY FEDERAL CREDIT UNION has about 8,032 members and employs 19 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TORRANCE COMMUNITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1511 Cravens Ave TORRANCE, CA 90501-2706 |
| Phone: | (310) 618-9111 |
| Fax: | (310) 782-1732 |
| Website: | https://www.torranceccu.org |
| Branches: | 1 branch locations |
| Members: | 8,032 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 12543 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1958 |
| Last Audited: | Sep 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $156,963,362 |
| CEO/Manager: | Michael S Wilkins |
| Chairperson: | Jane Isomoto |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 22,198,469 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 40,799,029 |
| Unsecured Loans | 4,200,748 |
| Other Loans | 20,482,419 |
| TOTAL LOANS | 65,482,196 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -348,065 |
| Land And Building | 4,200,138 |
| Other Fixed Assets | 133,263 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,355,511 |
| All Other Assets | 0 |
| TOTAL ASSETS | 156,963,362 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 57,302 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 590,598 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 38,066,748 |
| Regular shares | 62,590,114 |
| All Other Shares & Deposits | 44,937,367 |
| TOTAL SHARES & DEPOSITS | 145,594,229 |
| TOTAL LIABILITIES | 146,242,129 |
| Regular Reserve | 0 |
| Other Reserves | -5,127,058 |
| Undivided Earnings | 15,848,291 |
| TOTAL EQUITY | 10,721,233 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 156,963,362 |
| INCOME & EXPENSE | |
| Loan Income | 2,892,979 |
| Investment Income | 1,532,316 |
| Other Income | 180,019 |
| Total Employee Compensation & Benefits | 1,302,751 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,778,584 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -2,720 |
| Cost of Funds | 608,626 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,353,563 |
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