Dec, 31, 2023 — FOX FEDERAL CREDIT UNION is a federal credit union headquartered in LOS ANGELES, CA with 4 branch locations and about $47.74 million in total assets. Opened 59 years ago in 1965, FOX FEDERAL CREDIT UNION has about 3,165 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | FOX FEDERAL CREDIT UNION |
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Address: (Main Office) | 1990 Westwood Blvd LOS ANGELES, CA 90025 |
Phone: | (310) 432-2344 |
Fax: | (310) 432-2345 |
Website: | https://www.foxcredit.org |
Branches: | 4 branch locations |
Members: | 3,165 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 16954 |
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Membership Type: | Multiple common bond - Primarily communications and utilities |
Corporate Credit Union: | No |
Year Opened: | 1965 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $47,737,610 |
CEO/Manager: | Richard Chen |
Chairperson: | ASHLEY MENDEZ |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,220,590 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 26,034,768 |
Unsecured Loans | 1,094,308 |
Other Loans | 3,672,677 |
TOTAL LOANS | 30,801,753 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -117,023 |
Land And Building | 0 |
Other Fixed Assets | 285,650 |
NCUSIF Deposit | 397,434 |
All Other Assets | 0 |
TOTAL ASSETS | 47,737,610 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 39,824 |
Notes & Interest Payable | 1,747,716 |
Accounts Payable & Other Liabilities | 698,909 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 7,850,439 |
Regular shares | 14,579,986 |
All Other Shares & Deposits | 18,866,978 |
TOTAL SHARES & DEPOSITS | 41,297,401 |
TOTAL LIABILITIES | 43,783,850 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 3,953,760 |
TOTAL EQUITY | 3,953,760 |
TOTAL LIABILITIES, SHARES, & EQUITY | 47,737,610 |
INCOME & EXPENSE | |
Loan Income | 1,302,326 |
Investment Income | 313,365 |
Other Income | 169,201 |
Total Employee Compensation & Benefits | 689,157 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 929,193 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -1,031 |
Cost of Funds | 245,931 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -78,358 |
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