Dec, 31, 2023 — MOCSE FEDERAL CREDIT UNION is a federal credit union headquartered in MODESTO, CA with 3 branch locations and about $406.84 million in total assets. Opened 65 years ago in 1959, MOCSE FEDERAL CREDIT UNION has about 28,712 members and employs 75 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MOCSE FEDERAL CREDIT UNION |
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Address: (Main Office) | 3600 Coffee Rd MODESTO, CA 95355-1163 |
Phone: | (209) 572-3600 |
Fax: | (209) 572-1714 |
Website: | https://www.mocse.org |
Branches: | 3 branch locations |
Members: | 28,712 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 12805 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1959 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $406,839,351 |
CEO/Manager: | Shane Saunders |
Chairperson: | Joy Mastache |
ASSETS: | $ Amount |
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Cash & Equivalents | 22,237,646 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 48,471,780 |
Unsecured Loans | 18,063,541 |
Other Loans | 159,800,700 |
TOTAL LOANS | 226,336,021 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,352,642 |
Land And Building | 1,710,188 |
Other Fixed Assets | 796,593 |
NCUSIF Deposit | 3,915,698 |
All Other Assets | 1,265,674 |
TOTAL ASSETS | 406,839,351 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 4,177 |
Notes & Interest Payable | 6,000,000 |
Accounts Payable & Other Liabilities | 3,848,691 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 97,155,412 |
Regular shares | 155,789,991 |
All Other Shares & Deposits | 126,980,757 |
TOTAL SHARES & DEPOSITS | 379,926,160 |
TOTAL LIABILITIES | 389,779,028 |
Regular Reserve | 0 |
Other Reserves | -8,604,822 |
Undivided Earnings | 25,665,145 |
TOTAL EQUITY | 17,060,323 |
TOTAL LIABILITIES, SHARES, & EQUITY | 406,839,351 |
INCOME & EXPENSE | |
Loan Income | 12,470,629 |
Investment Income | 5,150,661 |
Other Income | 2,244,434 |
Total Employee Compensation & Benefits | 6,334,181 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 7,345,859 |
Non-operating Income & (Expense) | 1,534,400 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,059,164 |
Cost of Funds | 1,610,183 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 4,519,300 |
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» See also Statement of Financial Condition