Mar, 31, 2021 — MISSION FEDERAL CREDIT UNION is a federal credit union headquartered in San Diego, CA with 34 branch locations and about $4.92 billion in total assets. Opened 60 years ago in 1961, MISSION FEDERAL CREDIT UNION has about 267,217 members and employs 603 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: | http://www.missionfed.com |
| Branches: | 34 branch locations |
| Members: | 267,217 |
| 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, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $4,915,925,348 |
| CEO/Manager: | Debra Schwartz |
| Chairperson: | Wayne Oetken |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,338,346,745 |
| TOTAL INVESTMENTS | 689,189,509 |
| Loans Held for Sale | 28,523,962 |
| Real Estate Loans | 1,727,231,229 |
| Unsecured Loans | 191,132,637 |
| Other Loans | 748,055,431 |
| TOTAL LOANS | 2,666,419,297 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -26,619,336 |
| Land And Building | 62,116,171 |
| Other Fixed Assets | 12,308,826 |
| NCUSIF Deposit | 35,225,728 |
| All Other Assets | 110,414,446 |
| TOTAL ASSETS | 4,915,925,348 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 18,512 |
| Notes & Interest Payable | 8,000,000 |
| Accounts Payable & Other Liabilities | 61,895,367 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,063,976,835 |
| Regular shares | 729,651,026 |
| All Other Shares & Deposits | 2,472,905,444 |
| TOTAL SHARES & DEPOSITS | 4,266,533,305 |
| TOTAL LIABILITIES | 4,336,447,184 |
| Regular Reserve | 39,478,995 |
| Other Reserves | 1,724,174 |
| Undivided Earnings | 538,274,995 |
| TOTAL EQUITY | 579,478,164 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,915,925,348 |
| INCOME & EXPENSE | |
| Loan Income | 24,558,311 |
| Investment Income | 2,113,060 |
| Other Income | 5,786,313 |
| Total Employee Compensation & Benefits | 16,745,464 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 12,091,226 |
| Non-operating Income & (Expense) | -228,176 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 569,164 |
| Cost of Funds | 2,695,368 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 13,823,407 |
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