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FOX FEDERAL CREDIT UNION

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
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
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

Call Report

  • First Time Homebuyer Program
  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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