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FOX FEDERAL CREDIT UNION

Mar, 31, 2021 — FOX FEDERAL CREDIT UNION is a federal credit union headquartered in LOS ANGELES, CA with 4 branch locations and about $52.26 million in total assets. Opened 56 years ago in 1965, FOX FEDERAL CREDIT UNION has about 3,382 members and employs 10 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
Address:
(Main Office)
PO BOX 641849
LOS ANGELES, CA 90064
Phone:(310) 432-2344
Fax:(310) 432-2345
Website:http://www.foxcredit.org
Branches:4 branch locations
Members:3,382
Credit Union Type:Federal Credit Union
Charter Number:16954
Membership Type:Multiple common bond - Primarily communications and utilities
Corporate Credit Union:No
Year Opened:1965
Last Audited:Jun 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$52,259,966
CEO/Manager:Richard Chen
Chairperson:ASHLEY MENDEZ

Call Report

  • Commercial Loans
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Insurance/Investment Sales
  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 8,695,429
TOTAL INVESTMENTS 11,775,044
Loans Held for Sale 0
 
 Real Estate Loans 26,892,770
 Unsecured Loans 1,065,918
 Other Loans 2,983,240
 TOTAL LOANS 30,941,928
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -144,179
 Land And Building 0
 Other Fixed Assets 271,417
 NCUSIF Deposit 392,551
 All Other Assets 327,776
  TOTAL ASSETS 52,259,966
LIABILITIES & CAPITAL:  
 Dividends Payable 11,206
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 71,122
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 9,356,474
 Regular shares 19,574,184
 All Other Shares & Deposits 19,161,034
  TOTAL SHARES & DEPOSITS 48,091,692
  TOTAL LIABILITIES 48,174,020
 Regular Reserve 1,688,407
 Other Reserves 0
 Undivided Earnings 2,397,539
  TOTAL EQUITY 4,085,946
  TOTAL LIABILITIES, SHARES, & EQUITY 52,259,966
INCOME & EXPENSE  
 Loan Income 294,735
 Investment Income 43,069
 Other Income 60,521
 Total Employee Compensation & Benefits 196,327
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 235,477
 Non-operating Income & (Expense) 161
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -25,532
 Cost of Funds 11,249
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -19,035
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