Jun, 30, 2024 — BOURNS EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in RIVERSIDE, CA with 3 branch locations and about $69.02 million in total assets. Opened 58 years ago in 1966, BOURNS EMPLOYEES FEDERAL CREDIT UNION has about 5,312 members and employs 14 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 |
|---|---|
| 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: | 5,312 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 17415 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1966 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $69,024,940 |
| CEO/Manager: | Edward V Casanova |
| Chairperson: | Jim Heiken |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,325,091 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 27,305,258 |
| Unsecured Loans | 3,990,761 |
| Other Loans | 8,446,884 |
| TOTAL LOANS | 39,742,903 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -342,003 |
| Land And Building | 19,783 |
| Other Fixed Assets | 328,247 |
| NCUSIF Deposit | 595,294 |
| All Other Assets | 1,709,285 |
| TOTAL ASSETS | 69,024,940 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,060,996 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,590,208 |
| Regular shares | 35,919,033 |
| All Other Shares & Deposits | 20,118,480 |
| TOTAL SHARES & DEPOSITS | 61,627,721 |
| TOTAL LIABILITIES | 62,688,717 |
| Regular Reserve | 0 |
| Other Reserves | 1,853,167 |
| Undivided Earnings | 4,483,056 |
| TOTAL EQUITY | 6,336,223 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 69,024,940 |
| INCOME & EXPENSE | |
| Loan Income | 992,071 |
| Investment Income | 273,043 |
| Other Income | 111,153 |
| Total Employee Compensation & Benefits | 841,365 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 860,381 |
| Non-operating Income & (Expense) | -381,498 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -104,424 |
| Cost of Funds | 159,052 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -1,372,580 |
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