Jun, 30, 2024 — ONTARIO MONTCLAIR SCHOOL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in ONTARIO, CA with 1 branch location and about $155.50 million in total assets. Opened 64 years ago in 1961, ONTARIO MONTCLAIR SCHOOL EMPLOYEES FEDERAL CREDIT UNION has about 9,675 members and employs 26 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ONTARIO MONTCLAIR SCHOOL EMPLOYEES FEDERAL CREDIT UNION |
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Address: (Main Office) | 1520 N Palmetto Ave ONTARIO, CA 91762 |
Phone: | (909) 983-1959 |
Fax: | (909) 988-5130 |
Website: | https://www.omsefcu.org |
Branches: | 1 branch locations |
Members: | 9,675 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14542 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1961 |
Last Audited: | Sep 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $155,503,666 |
CEO/Manager: | Madeline V Stewart |
Chairperson: | Milissa Checchi |
ASSETS: | $ Amount |
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Cash & Equivalents | 8,387,425 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 30,581,145 |
Unsecured Loans | 13,490,008 |
Other Loans | 31,020,740 |
TOTAL LOANS | 75,091,893 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -255,357 |
Land And Building | 1,973,676 |
Other Fixed Assets | 220,817 |
NCUSIF Deposit | 1,300,207 |
All Other Assets | 0 |
TOTAL ASSETS | 155,503,666 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 194,236 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 30,105,933 |
Regular shares | 85,446,155 |
All Other Shares & Deposits | 26,697,930 |
TOTAL SHARES & DEPOSITS | 142,250,018 |
TOTAL LIABILITIES | 142,444,254 |
Regular Reserve | 0 |
Other Reserves | -1,423,170 |
Undivided Earnings | 14,482,582 |
TOTAL EQUITY | 13,059,412 |
TOTAL LIABILITIES, SHARES, & EQUITY | 155,503,666 |
INCOME & EXPENSE | |
Loan Income | 2,427,892 |
Investment Income | 553,507 |
Other Income | 421,496 |
Total Employee Compensation & Benefits | 1,508,306 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,529,528 |
Non-operating Income & (Expense) | -1 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 122,367 |
Cost of Funds | 228,101 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 741,750 |
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