Dec, 31, 2023 — LA FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in ARCADIA, CA with 4 branch locations and about $532.47 million in total assets. Opened 87 years ago in 1937, LA FINANCIAL FEDERAL CREDIT UNION has about 24,744 members and employs 79 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | LA FINANCIAL FEDERAL CREDIT UNION |
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Address: (Main Office) | 50 E Foothill Blvd ARCADIA, CA 91006-2314 |
Phone: | (800) 894-1200 |
Fax: | (626) 449-3429 |
Website: | https://www.lafinancial.org |
Branches: | 4 branch locations |
Members: | 24,744 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 2024 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1937 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $532,465,132 |
CEO/Manager: | Carol Galizia |
Chairperson: | Gail LeGros |
ASSETS: | $ Amount |
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Cash & Equivalents | 20,586,714 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 310,442,699 |
Unsecured Loans | 10,850,709 |
Other Loans | 80,534,479 |
TOTAL LOANS | 410,414,469 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,652,534 |
Land And Building | 8,871,124 |
Other Fixed Assets | 2,342,087 |
NCUSIF Deposit | 4,618,136 |
All Other Assets | 0 |
TOTAL ASSETS | 532,465,132 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 16,000,000 |
Accounts Payable & Other Liabilities | 6,524,993 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 103,238,921 |
Regular shares | 198,451,144 |
All Other Shares & Deposits | 170,506,242 |
TOTAL SHARES & DEPOSITS | 472,196,307 |
TOTAL LIABILITIES | 494,721,300 |
Regular Reserve | 0 |
Other Reserves | 456,967 |
Undivided Earnings | 37,286,865 |
TOTAL EQUITY | 37,743,832 |
TOTAL LIABILITIES, SHARES, & EQUITY | 532,465,132 |
INCOME & EXPENSE | |
Loan Income | 17,045,661 |
Investment Income | 2,138,773 |
Other Income | 3,230,422 |
Total Employee Compensation & Benefits | 9,179,822 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 8,025,363 |
Non-operating Income & (Expense) | 81,415 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 548,268 |
Cost of Funds | 3,584,819 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,482,855 |
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» See also Statement of Financial Condition