Sep, 30, 2022 — COMUNIDAD LATINA FEDERAL CREDIT UNION is a federal credit union headquartered in SANTA ANA, CA with 1 branch location and about $6.97 million in total assets. Opened 17 years ago in 2006, COMUNIDAD LATINA FEDERAL CREDIT UNION has about 1,501 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: | 1,501 |
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $6,965,970 |
| CEO/Manager: | Erick R Orellana |
| Chairperson: | David Benavides |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 146,463 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 182,641 |
| Other Loans | 5,432,305 |
| TOTAL LOANS | 5,614,946 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -64,273 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 54,221 |
| All Other Assets | 0 |
| TOTAL ASSETS | 6,965,970 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 13,191 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 560,942 |
| Regular shares | 2,214,116 |
| All Other Shares & Deposits | 2,485,107 |
| TOTAL SHARES & DEPOSITS | 5,260,165 |
| TOTAL LIABILITIES | 5,273,356 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,692,614 |
| TOTAL EQUITY | 1,692,614 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 6,965,970 |
| INCOME & EXPENSE | |
| Loan Income | 299,042 |
| Investment Income | 5,474 |
| Other Income | 11,458 |
| Total Employee Compensation & Benefits | 124,579 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 103,220 |
| Non-operating Income & (Expense) | 93,750 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 4,224 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 191,744 |
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