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F & A FEDERAL CREDIT UNION

Dec, 31, 2020 — F & A FEDERAL CREDIT UNION is a federal credit union headquartered in MONTEREY PARK, CA with 2 branch locations and about $2.08 billion in total assets. Opened 85 years ago in 1936, F & A FEDERAL CREDIT UNION has about 46,918 members and employs 106 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:46,918
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, 2019
FHLB Member:Yes
Low Income Designation:No
Assets:$2,083,285,285
CEO/Manager:Tim Green
Chairperson:THERESA BARRERA

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 94,843,183
TOTAL INVESTMENTS 1,464,865,396
Loans Held for Sale 0
 
 Real Estate Loans 342,185,124
 Unsecured Loans 46,630,684
 Other Loans 74,492,421
 TOTAL LOANS 463,308,229
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,875,878
 Land And Building 8,168,264
 Other Fixed Assets 764,070
 NCUSIF Deposit 14,367,159
 All Other Assets 38,844,862
  TOTAL ASSETS 2,083,285,285
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 65,000,000
 Accounts Payable & Other Liabilities 8,983,054
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 246,757,086
 Regular shares 297,803,215
 All Other Shares & Deposits 1,153,367,793
  TOTAL SHARES & DEPOSITS 1,697,928,094
  TOTAL LIABILITIES 1,771,911,148
 Regular Reserve 15,021,792
 Other Reserves 22,336,807
 Undivided Earnings 274,015,538
  TOTAL EQUITY 311,374,137
  TOTAL LIABILITIES, SHARES, & EQUITY 2,083,285,285
INCOME & EXPENSE  
 Loan Income 15,405,308
 Investment Income 25,134,439
 Other Income 4,718,373
 Total Employee Compensation & Benefits 9,016,677
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 8,809,028
 Non-operating Income & (Expense) 1,774,727
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 762,427
 Cost of Funds 17,874,805
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 10,569,910
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