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 |
| 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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