Dec, 31, 2021 — VA DESERT PACIFIC FEDERAL CREDIT UNION is a federal credit union headquartered in SIGNAL HILL, CA with 2 branch locations and about $91.53 million in total assets. Opened 75 years ago in 1947, VA DESERT PACIFIC FEDERAL CREDIT UNION has about 5,647 members and employs 15 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | VA DESERT PACIFIC FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2845 Temple Ave SIGNAL HILL, CA 90755 |
| Phone: | (562) 498-1250 |
| Fax: | (562) 597-5122 |
| Website: | http://www.vadpfcu.org |
| Branches: | 2 branch locations |
| Members: | 5,647 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5530 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1947 |
| Last Audited: | Nov 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $91,525,380 |
| CEO/Manager: | Christine Wood |
| Chairperson: | Luis E Vallevega |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,795,984 |
| TOTAL INVESTMENTS | 40,108,871 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 13,921,205 |
| Unsecured Loans | 7,038,146 |
| Other Loans | 22,886,202 |
| TOTAL LOANS | 43,845,553 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -145,864 |
| Land And Building | 0 |
| Other Fixed Assets | 556,884 |
| NCUSIF Deposit | 679,630 |
| All Other Assets | 684,322 |
| TOTAL ASSETS | 91,525,380 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 111 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,181,287 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 14,046,366 |
| Regular shares | 31,956,626 |
| All Other Shares & Deposits | 26,837,348 |
| TOTAL SHARES & DEPOSITS | 72,840,340 |
| TOTAL LIABILITIES | 74,021,738 |
| Regular Reserve | 932,625 |
| Other Reserves | 773,019 |
| Undivided Earnings | 15,797,998 |
| TOTAL EQUITY | 17,503,642 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 91,525,380 |
| INCOME & EXPENSE | |
| Loan Income | 2,699,899 |
| Investment Income | 868,627 |
| Other Income | 415,318 |
| Total Employee Compensation & Benefits | 1,690,512 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,714,335 |
| Non-operating Income & (Expense) | -60,000 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 135,159 |
| Cost of Funds | 151,409 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,206,786 |
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