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F & A FEDERAL CREDIT UNION

Dec, 31, 2023 — F & A FEDERAL CREDIT UNION is a federal credit union headquartered in MONTEREY PARK, CA with 2 branch locations and about $2.25 billion in total assets. Opened 88 years ago in 1936, F & A FEDERAL CREDIT UNION has about 47,320 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.


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:https://www.fafcu.org
Branches:2 branch locations
Members:47,320
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, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$2,249,946,818
CEO/Manager:Tim Green
Chairperson:RICHARD RUSSELL

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 132,373,671
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 681,641,358
 Unsecured Loans 49,952,037
 Other Loans 111,707,116
 TOTAL LOANS 843,300,511
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -2,285,451
 Land And Building 7,534,910
 Other Fixed Assets 879,856
 NCUSIF Deposit 16,301,958
 All Other Assets 0
  TOTAL ASSETS 2,249,946,818
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 245,000,000
 Accounts Payable & Other Liabilities 12,512,657
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 276,130,129
 Regular shares 300,714,043
 All Other Shares & Deposits 1,186,639,548
  TOTAL SHARES & DEPOSITS 1,763,483,720
  TOTAL LIABILITIES 2,021,065,409
 Regular Reserve 0
 Other Reserves -99,456,713
 Undivided Earnings 328,338,122
  TOTAL EQUITY 228,881,409
  TOTAL LIABILITIES, SHARES, & EQUITY 2,249,946,818
INCOME & EXPENSE  
 Loan Income 30,212,752
 Investment Income 36,929,795
 Other Income 781,166
 Total Employee Compensation & Benefits 12,125,856
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 10,828,987
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 865,113
 Cost of Funds 38,416,867
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 11,202,545
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