Mar, 31, 2021 — MATSON EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in OAKLAND, CA with 1 branch location and about $27.87 million in total assets. Opened 83 years ago in 1938, MATSON EMPLOYEES FEDERAL CREDIT UNION has about 1,212 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: | MATSON EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 475 14TH ST STE 220 OAKLAND, CA 94612 |
| Phone: | (510) 628-4358 |
| Fax: | (510) 464-2729 |
| Website: | http://www.matsoncreditunion.com |
| Branches: | 1 branch locations |
| Members: | 1,212 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 2843 |
|---|---|
| Membership Type: | Service - Transportation |
| Corporate Credit Union: | No |
| Year Opened: | 1938 |
| Last Audited: | Jan 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $27,870,068 |
| CEO/Manager: | LUCEL REYES |
| Chairperson: | PATRICIA RANGEL |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 518,494 |
| TOTAL INVESTMENTS | 22,347,759 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,778,804 |
| Unsecured Loans | 1,004,249 |
| Other Loans | 1,982,447 |
| TOTAL LOANS | 4,765,500 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -39,604 |
| Land And Building | 0 |
| Other Fixed Assets | 5,617 |
| NCUSIF Deposit | 192,303 |
| All Other Assets | 79,999 |
| TOTAL ASSETS | 27,870,068 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 12,509 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 41,591 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 51,084 |
| Regular shares | 18,668,645 |
| All Other Shares & Deposits | 1,665,755 |
| TOTAL SHARES & DEPOSITS | 20,385,484 |
| TOTAL LIABILITIES | 20,439,584 |
| Regular Reserve | 284,277 |
| Other Reserves | 0 |
| Undivided Earnings | 7,146,207 |
| TOTAL EQUITY | 7,430,484 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 27,870,068 |
| INCOME & EXPENSE | |
| Loan Income | 59,096 |
| Investment Income | 65,313 |
| Other Income | 5,840 |
| Total Employee Compensation & Benefits | 87,270 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 47,157 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 9,567 |
| Cost of Funds | 13,199 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -26,944 |
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