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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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