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TORRANCE COMMUNITY FEDERAL CREDIT UNION

Mar, 31, 2021 — TORRANCE COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in TORRANCE, CA with 1 branch location and about $169.21 million in total assets. Opened 63 years ago in 1958, TORRANCE COMMUNITY FEDERAL CREDIT UNION has about 7,759 members and employs 17 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)
P.O. BOX 4327
TORRANCE, CA 90510-4327
Phone:(310) 618-9111
Fax:(310) 782-1732
Website:http://www.torranceccu.org
Branches:1 branch locations
Members:7,759
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:Jun 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$169,214,768
CEO/Manager:Steve Stoppel
Chairperson:Mike Lewis

Call Report

  • Commercial Loans
  • Indirect Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Pay Day Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 12,053,816
TOTAL INVESTMENTS 115,642,720
Loans Held for Sale 0
 
 Real Estate Loans 17,074,757
 Unsecured Loans 3,420,920
 Other Loans 13,195,154
 TOTAL LOANS 33,690,831
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -294,187
 Land And Building 4,460,012
 Other Fixed Assets 231,012
 NCUSIF Deposit 1,264,566
 All Other Assets 2,165,998
  TOTAL ASSETS 169,214,768
LIABILITIES & CAPITAL:  
 Dividends Payable 15,768
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 511,835
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 35,293,898
 Regular shares 68,007,977
 All Other Shares & Deposits 52,984,836
  TOTAL SHARES & DEPOSITS 156,286,711
  TOTAL LIABILITIES 156,814,314
 Regular Reserve 946,626
 Other Reserves 575,997
 Undivided Earnings 10,877,831
  TOTAL EQUITY 12,400,454
  TOTAL LIABILITIES, SHARES, & EQUITY 169,214,768
INCOME & EXPENSE  
 Loan Income 339,790
 Investment Income 249,232
 Other Income 44,129
 Total Employee Compensation & Benefits 304,491
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 415,444
 Non-operating Income & (Expense) 7
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,094
 Cost of Funds 37,021
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 72,691
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