Dec, 31, 2023 — LONG BEACH CITY EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in SIGNAL HILL, CA with 1 branch location and about $284.34 million in total assets. Opened 88 years ago in 1936, LONG BEACH CITY EMPLOYEES FEDERAL CREDIT UNION has about 9,698 members and employs 25 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LONG BEACH CITY EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2845 Temple Ave SIGNAL HILL, CA 90755-2212 |
| Phone: | (562) 595-4725 |
| Fax: | (562) 595-1403 |
| Website: | https://www.lbcefcu.org |
| Branches: | 1 branch locations |
| Members: | 9,698 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1438 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $284,338,177 |
| CEO/Manager: | Kathleen O'Connell |
| Chairperson: | Beverly Nieves |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,571,704 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 86,056,424 |
| Unsecured Loans | 5,080,137 |
| Other Loans | 23,111,274 |
| TOTAL LOANS | 114,247,835 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -125,941 |
| Land And Building | 1,938,122 |
| Other Fixed Assets | 308,757 |
| NCUSIF Deposit | 2,540,030 |
| All Other Assets | 0 |
| TOTAL ASSETS | 284,338,177 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 6,300,000 |
| Accounts Payable & Other Liabilities | 1,083,730 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 18,634,977 |
| Regular shares | 234,576,660 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 253,211,637 |
| TOTAL LIABILITIES | 260,595,367 |
| Regular Reserve | 0 |
| Other Reserves | -13,125,515 |
| Undivided Earnings | 36,868,325 |
| TOTAL EQUITY | 23,742,810 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 284,338,177 |
| INCOME & EXPENSE | |
| Loan Income | 4,175,145 |
| Investment Income | 1,692,548 |
| Other Income | 627,754 |
| Total Employee Compensation & Benefits | 2,340,640 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,326,080 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 105,388 |
| Cost of Funds | 2,210,286 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -795,196 |
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