Dec, 31, 2020 — MISSION CITY FEDERAL CREDIT UNION is a federal credit union headquartered in SANTA CLARA, CA with 1 branch location and about $128.31 million in total assets. Opened 62 years ago in 1959, MISSION CITY FEDERAL CREDIT UNION has about 4,693 members and employs 18 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MISSION CITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1391 FRANKLIN ST SANTA CLARA, CA 95050-4710 |
| Phone: | (408) 244-5818 |
| Fax: | (408) 244-9390 |
| Website: | http://www.missioncityfcu.org |
| Branches: | 1 branch locations |
| Members: | 4,693 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13131 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Jun 01, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $128,310,355 |
| CEO/Manager: | David Waterman |
| Chairperson: | Mike Keller |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 19,965,128 |
| TOTAL INVESTMENTS | 25,170,221 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 46,655,697 |
| Unsecured Loans | 6,771,684 |
| Other Loans | 25,622,433 |
| TOTAL LOANS | 79,049,814 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -163,156 |
| Land And Building | 1,701,498 |
| Other Fixed Assets | 71,036 |
| NCUSIF Deposit | 982,605 |
| All Other Assets | 1,533,209 |
| TOTAL ASSETS | 128,310,355 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 664,117 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 21,653,860 |
| Regular shares | 34,106,277 |
| All Other Shares & Deposits | 62,332,050 |
| TOTAL SHARES & DEPOSITS | 118,092,187 |
| TOTAL LIABILITIES | 118,756,304 |
| Regular Reserve | 928,210 |
| Other Reserves | 28,639 |
| Undivided Earnings | 8,597,202 |
| TOTAL EQUITY | 9,554,051 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 128,310,355 |
| INCOME & EXPENSE | |
| Loan Income | 3,414,980 |
| Investment Income | 448,285 |
| Other Income | 685,959 |
| Total Employee Compensation & Benefits | 1,811,323 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,810,656 |
| Non-operating Income & (Expense) | 85,655 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 157,996 |
| Cost of Funds | 638,552 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 216,352 |
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