Dec, 31, 2023 — BOURNS EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in RIVERSIDE, CA with 3 branch locations and about $65.86 million in total assets. Opened 58 years ago in 1966, BOURNS EMPLOYEES FEDERAL CREDIT UNION has about 5,182 members and employs 12 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | BOURNS EMPLOYEES FEDERAL CREDIT UNION |
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Address: (Main Office) | 1200 Columbia Ave RIVERSIDE, CA 92507 |
Phone: | (951) 781-5600 |
Fax: | (951) 781-5452 |
Website: | https://www.bournsfcu.org |
Branches: | 3 branch locations |
Members: | 5,182 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 17415 |
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Membership Type: | Multiple common bond - other |
Corporate Credit Union: | No |
Year Opened: | 1966 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $65,855,025 |
CEO/Manager: | Edward V Casanova |
Chairperson: | Jim Heiken |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,903,951 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 27,426,558 |
Unsecured Loans | 4,355,054 |
Other Loans | 10,580,885 |
TOTAL LOANS | 42,362,497 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -146,963 |
Land And Building | 9,413 |
Other Fixed Assets | 325,046 |
NCUSIF Deposit | 596,792 |
All Other Assets | 0 |
TOTAL ASSETS | 65,855,025 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 736,827 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 4,419,514 |
Regular shares | 26,456,494 |
All Other Shares & Deposits | 28,712,644 |
TOTAL SHARES & DEPOSITS | 59,588,652 |
TOTAL LIABILITIES | 60,325,479 |
Regular Reserve | 0 |
Other Reserves | 1,845,882 |
Undivided Earnings | 3,683,664 |
TOTAL EQUITY | 5,529,546 |
TOTAL LIABILITIES, SHARES, & EQUITY | 65,855,025 |
INCOME & EXPENSE | |
Loan Income | 1,549,991 |
Investment Income | 565,381 |
Other Income | 91,421 |
Total Employee Compensation & Benefits | 1,057,619 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,032,357 |
Non-operating Income & (Expense) | -90,289 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -86,566 |
Cost of Funds | 718,017 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -463,092 |
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