Jun, 30, 2024 — MISSION FEDERAL CREDIT UNION is a federal credit union headquartered in SAN DIEGO, CA with 35 branch locations and about $5.73 billion in total assets. Opened 63 years ago in 1961, MISSION FEDERAL CREDIT UNION has about 286,454 members and employs 667 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: | 35 branch locations |
| Members: | 286,454 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $5,734,649,377 |
| CEO/Manager: | Debra Schwartz |
| Chairperson: | Don Shelton |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 255,051,608 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 11,812,930 |
| Real Estate Loans | 2,871,384,542 |
| Unsecured Loans | 244,163,445 |
| Other Loans | 1,033,369,011 |
| TOTAL LOANS | 4,148,916,998 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -27,713,932 |
| Land And Building | 59,018,328 |
| Other Fixed Assets | 53,172,652 |
| NCUSIF Deposit | 43,407,281 |
| All Other Assets | 222,398 |
| TOTAL ASSETS | 5,734,649,377 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 36,172 |
| Notes & Interest Payable | 280,000,000 |
| Accounts Payable & Other Liabilities | 103,888,082 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,267,060,450 |
| Regular shares | 921,146,918 |
| All Other Shares & Deposits | 2,601,018,048 |
| TOTAL SHARES & DEPOSITS | 4,789,225,416 |
| TOTAL LIABILITIES | 5,173,149,670 |
| Regular Reserve | 0 |
| Other Reserves | -109,091,619 |
| Undivided Earnings | 670,591,326 |
| TOTAL EQUITY | 561,499,707 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,734,649,377 |
| INCOME & EXPENSE | |
| Loan Income | 89,541,270 |
| Investment Income | 14,128,322 |
| Other Income | 16,384,489 |
| Total Employee Compensation & Benefits | 54,998,195 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 42,141,796 |
| Non-operating Income & (Expense) | 23,502 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,874,859 |
| Cost of Funds | 5,817,357 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 43,987,293 |
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