Dec, 31, 2021 — MATSON EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in OAKLAND, CA with 1 branch location and about $28.12 million in total assets. Opened 84 years ago in 1938, MATSON EMPLOYEES FEDERAL CREDIT UNION has about 1,158 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: | 1,158 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 2843 |
|---|---|
| Membership Type: | Service - Transportation |
| Corporate Credit Union: | No |
| Year Opened: | 1938 |
| Last Audited: | Jun 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $28,116,028 |
| CEO/Manager: | Sunny K Tan |
| Chairperson: | PATRICIA RANGEL |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,014,688 |
| TOTAL INVESTMENTS | 22,257,759 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,734,331 |
| Unsecured Loans | 1,048,489 |
| Other Loans | 1,792,575 |
| TOTAL LOANS | 4,575,395 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -38,251 |
| Land And Building | 0 |
| Other Fixed Assets | 6,680 |
| NCUSIF Deposit | 199,992 |
| All Other Assets | 99,765 |
| TOTAL ASSETS | 28,116,028 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 6,713 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 59,536 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 94,115 |
| Regular shares | 18,552,833 |
| All Other Shares & Deposits | 2,014,539 |
| TOTAL SHARES & DEPOSITS | 20,661,487 |
| TOTAL LIABILITIES | 20,727,736 |
| Regular Reserve | 284,277 |
| Other Reserves | 0 |
| Undivided Earnings | 7,104,015 |
| TOTAL EQUITY | 7,388,292 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 28,116,028 |
| INCOME & EXPENSE | |
| Loan Income | 249,109 |
| Investment Income | 281,542 |
| Other Income | 23,203 |
| Total Employee Compensation & Benefits | 334,689 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 228,637 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 12,686 |
| Cost of Funds | 46,979 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -69,137 |
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