Jun, 30, 2024 — F & A FEDERAL CREDIT UNION is a federal credit union headquartered in MONTEREY PARK, CA with 2 branch locations and about $2.22 billion in total assets. Opened 89 years ago in 1936, F & A FEDERAL CREDIT UNION has about 47,238 members and employs 115 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: | 47,238 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,219,658,841 |
| CEO/Manager: | Tim Green |
| Chairperson: | MARY E GUTIERREZ |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 147,098,956 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 616,935,193 |
| Unsecured Loans | 41,862,898 |
| Other Loans | 82,789,496 |
| TOTAL LOANS | 741,587,587 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,621,070 |
| Land And Building | 7,809,652 |
| Other Fixed Assets | 646,702 |
| NCUSIF Deposit | 17,036,752 |
| All Other Assets | 0 |
| TOTAL ASSETS | 2,219,658,841 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 100,000,000 |
| Accounts Payable & Other Liabilities | 12,069,796 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 281,797,119 |
| Regular shares | 364,111,811 |
| All Other Shares & Deposits | 1,287,458,130 |
| TOTAL SHARES & DEPOSITS | 1,933,367,060 |
| TOTAL LIABILITIES | 2,045,436,856 |
| Regular Reserve | 0 |
| Other Reserves | -138,083,736 |
| Undivided Earnings | 312,305,721 |
| TOTAL EQUITY | 174,221,985 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,219,658,841 |
| INCOME & EXPENSE | |
| Loan Income | 15,726,835 |
| Investment Income | 17,271,061 |
| Other Income | 516,874 |
| Total Employee Compensation & Benefits | 7,729,958 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 7,581,486 |
| Non-operating Income & (Expense) | 231 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 250,000 |
| Cost of Funds | 10,530,535 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 11,520,179 |
| ↑ Back to Top | |