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 |
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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 |
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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 |
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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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