Dec, 31, 2020 — MISSION FEDERAL CREDIT UNION is a federal credit union headquartered in San Diego, CA with 34 branch locations and about $4.68 billion in total assets. Opened 60 years ago in 1961, MISSION FEDERAL CREDIT UNION has about 263,374 members and employs 602 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: | 263,374 |
| 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, 2019 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $4,681,385,503 |
| CEO/Manager: | Debra Schwartz |
| Chairperson: | Wayne Oetken |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,106,737,860 |
| TOTAL INVESTMENTS | 587,051,717 |
| Loans Held for Sale | 15,391,422 |
| Real Estate Loans | 1,799,700,743 |
| Unsecured Loans | 208,482,072 |
| Other Loans | 728,615,288 |
| TOTAL LOANS | 2,736,798,103 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -27,595,569 |
| Land And Building | 62,791,836 |
| Other Fixed Assets | 12,878,396 |
| NCUSIF Deposit | 35,225,728 |
| All Other Assets | 152,106,010 |
| TOTAL ASSETS | 4,681,385,503 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,849 |
| Notes & Interest Payable | 10,500,000 |
| Accounts Payable & Other Liabilities | 57,204,537 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,002,065,849 |
| Regular shares | 628,768,188 |
| All Other Shares & Deposits | 2,413,615,180 |
| TOTAL SHARES & DEPOSITS | 4,044,449,217 |
| TOTAL LIABILITIES | 4,112,155,603 |
| Regular Reserve | 39,478,995 |
| Other Reserves | 5,299,317 |
| Undivided Earnings | 524,451,588 |
| TOTAL EQUITY | 569,229,900 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,681,385,503 |
| INCOME & EXPENSE | |
| Loan Income | 107,914,383 |
| Investment Income | 11,701,718 |
| Other Income | 58,393,234 |
| Total Employee Compensation & Benefits | 61,315,342 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 47,108,841 |
| Non-operating Income & (Expense) | -220,184 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 19,676,847 |
| Cost of Funds | 17,518,011 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 32,170,110 |
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