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F & A FEDERAL CREDIT UNION

Mar, 31, 2021 — F & A FEDERAL CREDIT UNION is a federal credit union headquartered in MONTEREY PARK, CA with 2 branch locations and about $2.16 billion in total assets. Opened 85 years ago in 1936, F & A FEDERAL CREDIT UNION has about 47,188 members and employs 110 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 322078383
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:http://www.fafcu.org
Branches:2 branch locations
Members:47,188
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$2,164,397,208
CEO/Manager:Tim Green
Chairperson:MARY E GUTIERREZ

Call Report

  • Interest Only or Payment Option 1st Mortgage Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Check Cashing
  • Insurance/Investment Sales
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 119,612,070
TOTAL INVESTMENTS 1,500,825,672
Loans Held for Sale 0
 
 Real Estate Loans 367,603,180
 Unsecured Loans 42,612,560
 Other Loans 73,913,750
 TOTAL LOANS 484,129,490
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -2,190,275
 Land And Building 8,109,416
 Other Fixed Assets 593,731
 NCUSIF Deposit 14,367,159
 All Other Assets 38,949,945
  TOTAL ASSETS 2,164,397,208
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 65,000,000
 Accounts Payable & Other Liabilities 10,069,482
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 264,207,716
 Regular shares 326,763,835
 All Other Shares & Deposits 1,194,348,545
  TOTAL SHARES & DEPOSITS 1,785,320,096
  TOTAL LIABILITIES 1,860,389,578
 Regular Reserve 15,021,792
 Other Reserves 12,326,410
 Undivided Earnings 276,659,428
  TOTAL EQUITY 304,007,630
  TOTAL LIABILITIES, SHARES, & EQUITY 2,164,397,208
INCOME & EXPENSE  
 Loan Income 4,045,575
 Investment Income 4,293,890
 Other Income 137,954
 Total Employee Compensation & Benefits 2,266,542
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,200,182
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 3,955,913
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 2,643,890
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