Jun, 30, 2024 — MISSION CITY FEDERAL CREDIT UNION is a federal credit union headquartered in SANTA CLARA, CA with 1 branch location and about $145.20 million in total assets. Opened 65 years ago in 1959, MISSION CITY FEDERAL CREDIT UNION has about 4,170 members and employs 16 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: | https://www.missioncityfcu.org |
| Branches: | 1 branch locations |
| Members: | 4,170 |
| 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, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $145,201,721 |
| CEO/Manager: | David Waterman |
| Chairperson: | Mike Keller |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,577,356 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 52,476,867 |
| Unsecured Loans | 6,469,215 |
| Other Loans | 36,469,140 |
| TOTAL LOANS | 95,415,222 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -85,056 |
| Land And Building | 1,557,397 |
| Other Fixed Assets | 218,440 |
| NCUSIF Deposit | 1,153,232 |
| All Other Assets | 6,912 |
| TOTAL ASSETS | 145,201,721 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 55 |
| Notes & Interest Payable | 2,162,031 |
| Accounts Payable & Other Liabilities | 1,034,995 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 25,214,099 |
| Regular shares | 43,761,843 |
| All Other Shares & Deposits | 66,890,902 |
| TOTAL SHARES & DEPOSITS | 135,866,844 |
| TOTAL LIABILITIES | 139,063,925 |
| Regular Reserve | 0 |
| Other Reserves | -3,737,156 |
| Undivided Earnings | 9,874,952 |
| TOTAL EQUITY | 6,137,796 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 145,201,721 |
| INCOME & EXPENSE | |
| Loan Income | 2,506,297 |
| Investment Income | 325,045 |
| Other Income | 144,382 |
| Total Employee Compensation & Benefits | 1,389,338 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,303,378 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 19,173 |
| Cost of Funds | 278,184 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 343,145 |
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