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HONDA FEDERAL CREDIT UNION

Mar, 31, 2021 — 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 55 years ago in 1966, HONDA FEDERAL CREDIT UNION has about 69,715 members and employs 177 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 322275746
Name:HONDA FEDERAL CREDIT UNION
Address:
(Main Office)
19701 Hamilton Ave ste 130
Torrance, CA 90502-1368
Phone:(310) 217-8600
Fax:(310) 217-8211
Website:http://www.hondafcu.org
Branches:10 branch locations
Members:69,715
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$1,109,819,167
CEO/Manager:Steve Brandon
Chairperson:Carl Coe

Call Report

  • Commercial Loans
  • Indirect Consumer Loans
  • Indirect Mortgage Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • First Time Homebuyer Program
  • Insurance/Investment Sales
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 97,767,037
TOTAL INVESTMENTS 166,205,968
Loans Held for Sale 0
 
 Real Estate Loans 481,492,320
 Unsecured Loans 69,211,108
 Other Loans 262,751,225
 TOTAL LOANS 813,454,653
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -2,080,930
 Land And Building 3,804,661
 Other Fixed Assets 4,606,121
 NCUSIF Deposit 7,969,867
 All Other Assets 18,091,790
  TOTAL ASSETS 1,109,819,167
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 41,566,121
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 185,321,723
 Regular shares 376,264,395
 All Other Shares & Deposits 418,810,960
  TOTAL SHARES & DEPOSITS 980,397,078
  TOTAL LIABILITIES 1,021,963,199
 Regular Reserve 8,322,208
 Other Reserves -1,304,320
 Undivided Earnings 80,838,080
  TOTAL EQUITY 87,855,968
  TOTAL LIABILITIES, SHARES, & EQUITY 1,109,819,167
INCOME & EXPENSE  
 Loan Income 8,575,157
 Investment Income 462,346
 Other Income 2,649,596
 Total Employee Compensation & Benefits 5,490,284
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 4,165,695
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 347,000
 Cost of Funds 1,173,254
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 764,425
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