Sep, 30, 2025 — MODESTO'S FIRST FEDERAL CREDIT UNION is a federal credit union headquartered in MODESTO, CA with 1 branch location and about $61.99 million in total assets. Opened 86 years ago in 1940, MODESTO'S FIRST FEDERAL CREDIT UNION has about 3,378 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MODESTO'S FIRST FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 430 12th St MODESTO, CA 95354-2423 |
| Phone: | (209) 521-2020 |
| Fax: | (209) 521-4570 |
| Website: | https://www.m1fcu.org |
| Branches: | 1 branch locations |
| Members: | 3,378 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 4022 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1940 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $61,990,375 |
| CEO/Manager: | Leslie A Ramirez |
| Chairperson: | Cal Maniscalco |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 413,507 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 23,467,240 |
| Unsecured Loans | 3,331,049 |
| Other Loans | 23,695,223 |
| TOTAL LOANS | 50,493,512 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -472,188 |
| Land And Building | 274,594 |
| Other Fixed Assets | 30,818 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 442,193 |
| All Other Assets | 0 |
| TOTAL ASSETS | 61,990,375 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 300,000 |
| Accounts Payable & Other Liabilities | 297,764 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,974,120 |
| Regular shares | 24,258,592 |
| All Other Shares & Deposits | 25,094,115 |
| TOTAL SHARES & DEPOSITS | 55,326,827 |
| TOTAL LIABILITIES | 55,924,591 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 6,065,784 |
| TOTAL EQUITY | 6,065,784 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 61,990,375 |
| INCOME & EXPENSE | |
| Loan Income | 2,243,965 |
| Investment Income | 267,170 |
| Other Income | 214,525 |
| Total Employee Compensation & Benefits | 472,396 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 765,604 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 494,767 |
| Cost of Funds | 789,651 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 245,918 |
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