Dec, 31, 2023 — MISSION FEDERAL CREDIT UNION is a federal credit union headquartered in SAN DIEGO, CA with 34 branch locations and about $6.22 billion in total assets. Opened 63 years ago in 1961, MISSION FEDERAL CREDIT UNION has about 303,814 members and employs 671 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 FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | 10325 Meanley Dr SAN DIEGO, CA 92131-3011 |
Phone: | (800) 500-6328 |
Fax: | |
Website: | https://www.missionfed.com |
Branches: | 34 branch locations |
Members: | 303,814 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14384 |
---|---|
Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1961 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $6,215,487,934 |
CEO/Manager: | Debra Schwartz |
Chairperson: | Don Shelton |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 886,546,455 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 11,076,525 |
Real Estate Loans | 3,118,065,023 |
Unsecured Loans | 302,246,711 |
Other Loans | 1,003,267,487 |
TOTAL LOANS | 4,423,579,220 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -53,930,213 |
Land And Building | 57,072,538 |
Other Fixed Assets | 50,008,689 |
NCUSIF Deposit | 49,304,108 |
All Other Assets | 480,975 |
TOTAL ASSETS | 6,215,487,934 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1,470 |
Notes & Interest Payable | 100,000,000 |
Accounts Payable & Other Liabilities | 118,659,656 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,046,293,774 |
Regular shares | 1,466,289,515 |
All Other Shares & Deposits | 2,855,503,569 |
TOTAL SHARES & DEPOSITS | 5,368,086,858 |
TOTAL LIABILITIES | 5,586,773,875 |
Regular Reserve | 0 |
Other Reserves | -90,512,346 |
Undivided Earnings | 719,226,405 |
TOTAL EQUITY | 628,714,059 |
TOTAL LIABILITIES, SHARES, & EQUITY | 6,215,487,934 |
INCOME & EXPENSE | |
Loan Income | 172,474,610 |
Investment Income | 48,745,878 |
Other Income | 16,676,575 |
Total Employee Compensation & Benefits | 74,403,222 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 58,349,189 |
Non-operating Income & (Expense) | -595,962 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 9,352,640 |
Cost of Funds | 80,441,933 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 55,473,026 |
↑ Back to Top |