Jun, 30, 2024 — INLAND FEDERAL CREDIT UNION is a federal credit union headquartered in LA MESA, CA with 1 branch location and about $15.30 million in total assets. Opened 64 years ago in 1960, INLAND FEDERAL CREDIT UNION has about 1,309 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: | INLAND FEDERAL CREDIT UNION |
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Address: (Main Office) | 8811 Grossmont Blvd LA MESA, CA 91942 |
Phone: | (619) 444-5656 |
Fax: | (619) 444-2795 |
Website: | https://www.inlandfederal.org |
Branches: | 1 branch locations |
Members: | 1,309 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14016 |
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Membership Type: | Multiple common bond - Primarily faith based |
Corporate Credit Union: | No |
Year Opened: | 1960 |
Last Audited: | Sep 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $15,303,596 |
CEO/Manager: | Jeff Lower |
Chairperson: | Kathy Sladek |
ASSETS: | $ Amount |
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Cash & Equivalents | 644,616 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 4,427,775 |
Unsecured Loans | 988,435 |
Other Loans | 5,802,675 |
TOTAL LOANS | 11,218,885 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -60,468 |
Land And Building | 3,151,250 |
Other Fixed Assets | 5,589 |
NCUSIF Deposit | 136,464 |
All Other Assets | 0 |
TOTAL ASSETS | 15,303,596 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 66,083 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 4,567,313 |
Regular shares | 7,893,644 |
All Other Shares & Deposits | 1,683,235 |
TOTAL SHARES & DEPOSITS | 14,144,192 |
TOTAL LIABILITIES | 14,210,275 |
Regular Reserve | 0 |
Other Reserves | 181,101 |
Undivided Earnings | 912,220 |
TOTAL EQUITY | 1,093,321 |
TOTAL LIABILITIES, SHARES, & EQUITY | 15,303,596 |
INCOME & EXPENSE | |
Loan Income | 425,460 |
Investment Income | 2,433 |
Other Income | 85,682 |
Total Employee Compensation & Benefits | 205,864 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 265,074 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 36,587 |
Cost of Funds | 14,102 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 35,356 |
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