Jun, 30, 2024 — HONDA FEDERAL CREDIT UNION is a federal credit union headquartered in TORRANCE, CA with 10 branch locations and about $1.11 billion in total assets. Opened 58 years ago in 1966, HONDA FEDERAL CREDIT UNION has about 75,198 members and employs 185 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HONDA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 19701 Hamilton Ave ste 130 TORRANCE, CA 90502-1368 |
| Phone: | (800) 634-6632 |
| Fax: | (310) 217-8211 |
| Website: | https://www.hondafcu.org |
| Branches: | 10 branch locations |
| Members: | 75,198 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 17623 |
|---|---|
| Membership Type: | Multiple common bond - Primarily transportation equipment |
| Corporate Credit Union: | No |
| Year Opened: | 1966 |
| Last Audited: | Jun 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,109,355,924 |
| CEO/Manager: | Steve Brandon |
| Chairperson: | Carl Coe |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 62,458,078 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 566,028,379 |
| Unsecured Loans | 69,816,469 |
| Other Loans | 285,398,777 |
| TOTAL LOANS | 921,243,625 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,750,260 |
| Land And Building | 3,501,896 |
| Other Fixed Assets | 4,409,344 |
| NCUSIF Deposit | 8,806,113 |
| All Other Assets | 95,459 |
| TOTAL ASSETS | 1,109,355,924 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 25,000,000 |
| Accounts Payable & Other Liabilities | 38,618,277 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 183,775,325 |
| Regular shares | 381,048,066 |
| All Other Shares & Deposits | 394,019,741 |
| TOTAL SHARES & DEPOSITS | 958,843,132 |
| TOTAL LIABILITIES | 1,022,461,409 |
| Regular Reserve | 0 |
| Other Reserves | -16,089,362 |
| Undivided Earnings | 102,983,877 |
| TOTAL EQUITY | 86,894,515 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,109,355,924 |
| INCOME & EXPENSE | |
| Loan Income | 26,914,090 |
| Investment Income | 1,291,645 |
| Other Income | 9,152,101 |
| Total Employee Compensation & Benefits | 16,706,936 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 14,232,668 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,142,000 |
| Cost of Funds | 2,923,539 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,969,650 |
| ↑ Back to Top | |