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EMPLOYEES CHOICE FEDERAL CREDIT UNION

Jun, 30, 2021 — EMPLOYEES CHOICE FEDERAL CREDIT UNION is a federal credit union headquartered in EL CAJON, CA with 2 branch locations and about $21.35 million in total assets. Opened 61 years ago in 1960, EMPLOYEES CHOICE FEDERAL CREDIT UNION has about 1,140 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:EMPLOYEES CHOICE FEDERAL CREDIT UNION
Address:
(Main Office)
266 S MAGNOLIA AVE STE 101
EL CAJON, CA 92020
Phone:(619) 579-0941
Fax:(619) 579-2057
Website:http://www.employeeschoice.org
Branches:2 branch locations
Members:1,140
Credit Union Type:Federal Credit Union
Charter Number:13526
Membership Type:Multiple common bond - Primarily federal, state, local government
Corporate Credit Union:No
Year Opened:1960
Last Audited:Mar 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$21,353,774
CEO/Manager:Aletta M Bostock
Chairperson:Ronald Smithson

Call Report

  • Payday Alternative Loans (PAL Loans)

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,085,627
TOTAL INVESTMENTS 10,408,886
Loans Held for Sale 0
 
 Real Estate Loans 2,964,537
 Unsecured Loans 681,243
 Other Loans 5,027,593
 TOTAL LOANS 8,673,373
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -63,727
 Land And Building 0
 Other Fixed Assets 7,817
 NCUSIF Deposit 167,461
 All Other Assets 74,337
  TOTAL ASSETS 21,353,774
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 88,856
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 4,074,199
 Regular shares 10,498,008
 All Other Shares & Deposits 4,670,786
  TOTAL SHARES & DEPOSITS 19,242,993
  TOTAL LIABILITIES 19,331,849
 Regular Reserve 243,260
 Other Reserves 415,625
 Undivided Earnings 1,363,040
  TOTAL EQUITY 2,021,925
  TOTAL LIABILITIES, SHARES, & EQUITY 21,353,774
INCOME & EXPENSE  
 Loan Income 175,521
 Investment Income 63,030
 Other Income 8,079
 Total Employee Compensation & Benefits 136,863
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 131,497
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -10,000
 Cost of Funds 6,096
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 26,087
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