XCEED FINANCIAL FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.xfcu.org for more information.
Dec, 31, 2023 — XCEED FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in EL SEGUNDO, CA with 9 branch locations and about $981.81 million in total assets. Opened 60 years ago in 1964, XCEED FINANCIAL FEDERAL CREDIT UNION has about 46,975 members and employs 152 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | XCEED FINANCIAL FEDERAL CREDIT UNION |
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Address: (Main Office) | 888 N NASH ST EL SEGUNDO, CA 90245 |
Phone: | (800) 932-8222 |
Fax: | (310) 640-2193 |
Website: | https://www.xfcu.org |
Branches: | 9 branch locations |
Members: | 46,975 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 20068 |
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Membership Type: | Multiple common bond - Primarily finance, insurance, real estate, trade |
Corporate Credit Union: | No |
Year Opened: | 1964 |
Last Audited: | Dec 01, 2020 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $981,811,271 |
CEO/Manager: | Teresa Freeborn |
Chairperson: | Roni Crichton |
ASSETS: | $ Amount |
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Cash & Equivalents | 235,041,614 |
TOTAL INVESTMENTS | 159,078,668 |
Loans Held for Sale | 0 |
Real Estate Loans | 385,926,306 |
Unsecured Loans | 41,413,741 |
Other Loans | 98,016,271 |
TOTAL LOANS | 525,356,318 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,077,110 |
Land And Building | 21,440,934 |
Other Fixed Assets | 1,231,570 |
NCUSIF Deposit | 7,339,686 |
All Other Assets | 35,399,591 |
TOTAL ASSETS | 981,811,271 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 14,538 |
Notes & Interest Payable | 60,500,000 |
Accounts Payable & Other Liabilities | 3,577,425 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 218,939,092 |
Regular shares | 190,335,336 |
All Other Shares & Deposits | 417,694,567 |
TOTAL SHARES & DEPOSITS | 826,968,995 |
TOTAL LIABILITIES | 891,060,958 |
Regular Reserve | 21,735,675 |
Other Reserves | 18,001,407 |
Undivided Earnings | 51,013,231 |
TOTAL EQUITY | 90,750,313 |
TOTAL LIABILITIES, SHARES, & EQUITY | 981,811,271 |
INCOME & EXPENSE | |
Loan Income | 5,286,413 |
Investment Income | 383,268 |
Other Income | 473,943 |
Total Employee Compensation & Benefits | 5,557,426 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,687,196 |
Non-operating Income & (Expense) | 310,649 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 18,000 |
Cost of Funds | 1,169,503 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -2,086,802 |
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» See also Statement of Financial Condition