Mar, 31, 2022 — FOX FEDERAL CREDIT UNION is a federal credit union headquartered in LOS ANGELES, CA with 4 branch locations and about $55.40 million in total assets. Opened 57 years ago in 1965, FOX FEDERAL CREDIT UNION has about 3,228 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) | 1990 Westwood Blvd LOS ANGELES, CA 90025 |
| Phone: | (310) 432-2344 |
| Fax: | (310) 432-2345 |
| Website: | http://www.foxcredit.org |
| Branches: | 4 branch locations |
| Members: | 3,228 |
| 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: | Oct 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $55,398,848 |
| CEO/Manager: | Richard Chen |
| Chairperson: | ASHLEY MENDEZ |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 13,126,600 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 23,444,546 |
| Unsecured Loans | 973,652 |
| Other Loans | 2,762,777 |
| TOTAL LOANS | 27,180,975 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -112,349 |
| Land And Building | 0 |
| Other Fixed Assets | 443,995 |
| NCUSIF Deposit | 423,204 |
| All Other Assets | 0 |
| TOTAL ASSETS | 55,398,848 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 6,052 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 275,213 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,948,235 |
| Regular shares | 20,047,468 |
| All Other Shares & Deposits | 21,146,457 |
| TOTAL SHARES & DEPOSITS | 51,142,160 |
| TOTAL LIABILITIES | 51,423,425 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 3,975,423 |
| TOTAL EQUITY | 3,975,423 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 55,398,848 |
| INCOME & EXPENSE | |
| Loan Income | 242,269 |
| Investment Income | 49,119 |
| Other Income | 77,819 |
| Total Employee Compensation & Benefits | 198,503 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 199,031 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -1,825 |
| Cost of Funds | 6,063 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -32,565 |
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