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EMPLOYEES CHOICE FEDERAL CREDIT UNION

Mar, 31, 2021 — EMPLOYEES CHOICE FEDERAL CREDIT UNION is a federal credit union headquartered in EL CAJON, CA with 2 branch locations and about $20.92 million in total assets. Opened 61 years ago in 1960, EMPLOYEES CHOICE FEDERAL CREDIT UNION has about 1,144 members and employs 4 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:1,144
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$20,923,140
CEO/Manager:Aletta M Bostock
Chairperson:Ronald Smithson

Call Report

  • Overdraft Lines of Credit
  • Overdraft Protection
  • Pay Day Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,092,992
TOTAL INVESTMENTS 8,913,615
Loans Held for Sale 0
 
 Real Estate Loans 3,016,963
 Unsecured Loans 683,780
 Other Loans 5,064,848
 TOTAL LOANS 8,765,591
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -68,464
 Land And Building 0
 Other Fixed Assets 8,965
 NCUSIF Deposit 136,962
 All Other Assets 73,479
  TOTAL ASSETS 20,923,140
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 157,340
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 4,185,019
 Regular shares 9,785,255
 All Other Shares & Deposits 4,784,513
  TOTAL SHARES & DEPOSITS 18,754,787
  TOTAL LIABILITIES 18,912,127
 Regular Reserve 243,260
 Other Reserves 417,353
 Undivided Earnings 1,350,400
  TOTAL EQUITY 2,011,013
  TOTAL LIABILITIES, SHARES, & EQUITY 20,923,140
INCOME & EXPENSE  
 Loan Income 88,191
 Investment Income 31,365
 Other Income 4,079
 Total Employee Compensation & Benefits 66,232
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 66,396
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -5,000
 Cost of Funds 3,133
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 13,446
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