Dec, 31, 2023 — COMUNIDAD LATINA FEDERAL CREDIT UNION is a federal credit union headquartered in SANTA ANA, CA with 1 branch location and about $8.83 million in total assets. Opened 18 years ago in 2006, COMUNIDAD LATINA FEDERAL CREDIT UNION has about 1,704 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | COMUNIDAD LATINA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1317 W WARNER AVE SANTA ANA, CA 92704-5118 |
| Phone: | (714) 754-7675 |
| Fax: | (714) 754-7820 |
| Website: | https://www.clfcu.org |
| Branches: | 1 branch locations |
| Members: | 1,704 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24776 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 2006 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $8,827,070 |
| CEO/Manager: | Yesenia Sanchez |
| Chairperson: | Gianfranco Piccollo |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 359,251 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 439,071 |
| Other Loans | 5,932,257 |
| TOTAL LOANS | 6,371,329 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -75,724 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 53,819 |
| All Other Assets | 0 |
| TOTAL ASSETS | 8,827,070 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 18,189 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 515,135 |
| Regular shares | 2,347,796 |
| All Other Shares & Deposits | 3,832,619 |
| TOTAL SHARES & DEPOSITS | 6,695,550 |
| TOTAL LIABILITIES | 6,713,739 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,113,331 |
| TOTAL EQUITY | 2,113,331 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 8,827,070 |
| INCOME & EXPENSE | |
| Loan Income | 505,414 |
| Investment Income | 83,621 |
| Other Income | 13,278 |
| Total Employee Compensation & Benefits | 182,001 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 148,311 |
| Non-operating Income & (Expense) | 125,000 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 30,558 |
| Cost of Funds | 31,686 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 365,658 |
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» See also Statement of Financial Condition