Mar, 31, 2022 — MISSION FEDERAL CREDIT UNION is a federal credit union headquartered in SAN DIEGO, CA with 35 branch locations and about $5.45 billion in total assets. Opened 61 years ago in 1961, MISSION FEDERAL CREDIT UNION has about 279,246 members and employs 616 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: | 35 branch locations |
| Members: | 279,246 |
| 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: | $5,449,314,283 |
| CEO/Manager: | Debra Schwartz |
| Chairperson: | Wayne Oetken |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 881,168,389 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 14,597,091 |
| Real Estate Loans | 1,982,466,169 |
| Unsecured Loans | 208,226,348 |
| Other Loans | 914,021,753 |
| TOTAL LOANS | 3,104,714,270 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -23,558,935 |
| Land And Building | 59,991,353 |
| Other Fixed Assets | 48,613,376 |
| NCUSIF Deposit | 41,475,361 |
| All Other Assets | 210,201 |
| TOTAL ASSETS | 5,449,314,283 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 23,892 |
| Notes & Interest Payable | 8,000,000 |
| Accounts Payable & Other Liabilities | 100,737,088 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,217,826,918 |
| Regular shares | 904,558,153 |
| All Other Shares & Deposits | 2,630,833,477 |
| TOTAL SHARES & DEPOSITS | 4,753,218,548 |
| TOTAL LIABILITIES | 4,861,979,528 |
| Regular Reserve | 0 |
| Other Reserves | -54,046,518 |
| Undivided Earnings | 641,381,273 |
| TOTAL EQUITY | 587,334,755 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,449,314,283 |
| INCOME & EXPENSE | |
| Loan Income | 26,209,761 |
| Investment Income | 3,514,018 |
| Other Income | 5,223,461 |
| Total Employee Compensation & Benefits | 16,480,961 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 12,843,516 |
| Non-operating Income & (Expense) | -17,057 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 747,874 |
| Cost of Funds | 1,696,443 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 14,776,456 |
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