Sep, 30, 2025 — F & A FEDERAL CREDIT UNION is a federal credit union headquartered in MONTEREY PARK, CA with 2 branch locations and about $2.93 billion in total assets. Opened 90 years ago in 1936, F & A FEDERAL CREDIT UNION has about 44,421 members and employs 108 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | F & A FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2625 CORPORATE Pl MONTEREY PARK, CA 91754 |
| Phone: | (323) 268-1226 |
| Fax: | (323) 261-3350 |
| Website: | https://www.fafcu.org |
| Branches: | 2 branch locations |
| Members: | 44,421 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1493 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,926,530,766 |
| CEO/Manager: | Tim Green |
| Chairperson: | CHRIS BUNDESEN |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 150,079,654 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 986,926,364 |
| Unsecured Loans | 53,206,703 |
| Other Loans | 132,160,780 |
| TOTAL LOANS | 1,172,293,847 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,750,221 |
| Land And Building | 7,297,164 |
| Other Fixed Assets | 249,420 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 16,449,866 |
| All Other Assets | 0 |
| TOTAL ASSETS | 2,926,530,766 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 620,000,000 |
| Accounts Payable & Other Liabilities | 14,431,143 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 316,638,205 |
| Regular shares | 270,583,691 |
| All Other Shares & Deposits | 1,394,784,784 |
| TOTAL SHARES & DEPOSITS | 1,982,006,680 |
| TOTAL LIABILITIES | 2,616,507,110 |
| Regular Reserve | 0 |
| Other Reserves | -49,246,298 |
| Undivided Earnings | 359,269,954 |
| TOTAL EQUITY | 310,023,656 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,926,530,766 |
| INCOME & EXPENSE | |
| Loan Income | 43,493,664 |
| Investment Income | 43,601,634 |
| Other Income | 352,115 |
| Total Employee Compensation & Benefits | 10,354,041 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 10,272,178 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 974,454 |
| Cost of Funds | 57,159,064 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 13,189,145 |
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