Dec, 31, 2020 — COMUNIDAD LATINA FEDERAL CREDIT UNION is a federal credit union headquartered in SANTA ANA, CA with 1 branch location and about $5.97 million in total assets. Opened 15 years ago in 2006, COMUNIDAD LATINA FEDERAL CREDIT UNION has about 1,376 members and employs 3 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 WEST WARNER AVE SANTA ANA, CA 92704 |
| Phone: | (714) 754-7675 |
| Fax: | (714) 754-7820 |
| Website: | http://www.clfcu.org |
| Branches: | 1 branch locations |
| Members: | 1,376 |
| 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: | Sep 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $5,974,272 |
| CEO/Manager: | Erick R Orellana |
| Chairperson: | GIANFRANCO PICCOLLO |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 336,620 |
| TOTAL INVESTMENTS | 2,461,500 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 183,722 |
| Other Loans | 2,990,044 |
| TOTAL LOANS | 3,173,766 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -72,796 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 43,762 |
| All Other Assets | 31,420 |
| TOTAL ASSETS | 5,974,272 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 13,625 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 370,031 |
| Regular shares | 1,610,087 |
| All Other Shares & Deposits | 2,701,104 |
| TOTAL SHARES & DEPOSITS | 4,681,222 |
| TOTAL LIABILITIES | 4,694,847 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,279,425 |
| TOTAL EQUITY | 1,279,425 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,974,272 |
| INCOME & EXPENSE | |
| Loan Income | 242,866 |
| Investment Income | 39,172 |
| Other Income | 17,053 |
| Total Employee Compensation & Benefits | 148,049 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 117,647 |
| Non-operating Income & (Expense) | 136,775 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 22,041 |
| Cost of Funds | 9,699 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 138,430 |
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