Jun, 30, 2024 — MATSON EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in OAKLAND, CA with 1 branch location and about $27.56 million in total assets. Opened 86 years ago in 1938, MATSON EMPLOYEES FEDERAL CREDIT UNION has about 1,155 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: | https://www.matsoncreditunion.com |
| Branches: | 1 branch locations |
| Members: | 1,155 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 2843 |
|---|---|
| Membership Type: | Service - Transportation |
| Corporate Credit Union: | No |
| Year Opened: | 1938 |
| Last Audited: | Aug 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $27,555,475 |
| CEO/Manager: | Sunny K Tan |
| Chairperson: | PATRICIA RANGEL |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 348,684 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,129,578 |
| Unsecured Loans | 1,493,797 |
| Other Loans | 2,011,302 |
| TOTAL LOANS | 5,634,677 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -26,589 |
| Land And Building | 0 |
| Other Fixed Assets | 5,525 |
| NCUSIF Deposit | 198,032 |
| All Other Assets | 0 |
| TOTAL ASSETS | 27,555,475 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 95,605 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 93,936 |
| Regular shares | 18,065,034 |
| All Other Shares & Deposits | 1,908,844 |
| TOTAL SHARES & DEPOSITS | 20,067,814 |
| TOTAL LIABILITIES | 20,163,419 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 7,392,056 |
| TOTAL EQUITY | 7,392,056 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 27,555,475 |
| INCOME & EXPENSE | |
| Loan Income | 201,250 |
| Investment Income | 214,275 |
| Other Income | 10,911 |
| Total Employee Compensation & Benefits | 283,358 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 156,838 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 17,183 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,764 |
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