Dec, 31, 2021 — MISSION CITY FEDERAL CREDIT UNION is a federal credit union headquartered in SANTA CLARA, CA with 1 branch location and about $139.23 million in total assets. Opened 63 years ago in 1959, MISSION CITY FEDERAL CREDIT UNION has about 4,086 members and employs 13 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 |
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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: | 4,086 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 13131 |
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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, 2021 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $139,232,423 |
CEO/Manager: | David Waterman |
Chairperson: | Mike Keller |
ASSETS: | $ Amount |
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Cash & Equivalents | 14,318,755 |
TOTAL INVESTMENTS | 44,478,719 |
Loans Held for Sale | 0 |
Real Estate Loans | 44,667,249 |
Unsecured Loans | 6,756,933 |
Other Loans | 23,182,368 |
TOTAL LOANS | 74,606,550 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -129,957 |
Land And Building | 1,613,464 |
Other Fixed Assets | 266,641 |
NCUSIF Deposit | 1,142,279 |
All Other Assets | 2,935,972 |
TOTAL ASSETS | 139,232,423 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 11 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 587,296 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 25,801,653 |
Regular shares | 42,804,958 |
All Other Shares & Deposits | 61,122,413 |
TOTAL SHARES & DEPOSITS | 129,729,024 |
TOTAL LIABILITIES | 130,316,331 |
Regular Reserve | 928,210 |
Other Reserves | -615,715 |
Undivided Earnings | 8,603,597 |
TOTAL EQUITY | 8,916,092 |
TOTAL LIABILITIES, SHARES, & EQUITY | 139,232,423 |
INCOME & EXPENSE | |
Loan Income | 3,189,961 |
Investment Income | 493,211 |
Other Income | 151,919 |
Total Employee Compensation & Benefits | 1,838,185 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,022,109 |
Non-operating Income & (Expense) | 1,300 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 90,613 |
Cost of Funds | 427,306 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 6,396 |
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