Dec, 31, 2023 — ONTARIO MONTCLAIR SCHOOL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in ONTARIO, CA with 1 branch location and about $157.16 million in total assets. Opened 63 years ago in 1961, ONTARIO MONTCLAIR SCHOOL EMPLOYEES FEDERAL CREDIT UNION has about 9,819 members and employs 27 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 |
|---|---|
| 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: | 9,819 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14542 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $157,164,818 |
| CEO/Manager: | Madeline V Stewart |
| Chairperson: | Milissa Checchi |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,998,473 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 34,020,052 |
| Unsecured Loans | 13,189,498 |
| Other Loans | 34,569,985 |
| TOTAL LOANS | 81,779,535 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -354,802 |
| Land And Building | 1,917,593 |
| Other Fixed Assets | 246,919 |
| NCUSIF Deposit | 1,353,820 |
| All Other Assets | 0 |
| TOTAL ASSETS | 157,164,818 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 5,720,333 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 26,048,218 |
| Regular shares | 77,396,315 |
| All Other Shares & Deposits | 32,210,509 |
| TOTAL SHARES & DEPOSITS | 135,655,042 |
| TOTAL LIABILITIES | 141,375,375 |
| Regular Reserve | 0 |
| Other Reserves | -2,328,786 |
| Undivided Earnings | 18,118,229 |
| TOTAL EQUITY | 15,789,443 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 157,164,818 |
| INCOME & EXPENSE | |
| Loan Income | 3,943,968 |
| Investment Income | 1,813,168 |
| Other Income | 593,149 |
| Total Employee Compensation & Benefits | 2,461,085 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,066,140 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 425,993 |
| Cost of Funds | 706,439 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,723,061 |
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