Jun, 30, 2021 — VA DESERT PACIFIC FEDERAL CREDIT UNION is a federal credit union headquartered in Long Beach, CA with 2 branch locations and about $90.53 million in total assets. Opened 74 years ago in 1947, VA DESERT PACIFIC FEDERAL CREDIT UNION has about 5,623 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) | 5901 E 7th St Bldg2 Long Beach, CA 90822 |
| Phone: | (562) 498-1250 |
| Fax: | (562) 597-5122 |
| Website: | http://www.vadpfcu.org |
| Branches: | 2 branch locations |
| Members: | 5,623 |
| 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: | Oct 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $90,532,465 |
| CEO/Manager: | Christine Wood |
| Chairperson: | Luis E Vallevega |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,033,883 |
| TOTAL INVESTMENTS | 43,108,034 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 14,949,559 |
| Unsecured Loans | 6,861,273 |
| Other Loans | 21,866,324 |
| TOTAL LOANS | 43,677,156 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -115,810 |
| Land And Building | 0 |
| Other Fixed Assets | 518,430 |
| NCUSIF Deposit | 661,072 |
| All Other Assets | 649,700 |
| TOTAL ASSETS | 90,532,465 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 102 |
| Notes & Interest Payable | 56,691 |
| Accounts Payable & Other Liabilities | 1,172,611 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 14,191,120 |
| Regular shares | 31,640,087 |
| All Other Shares & Deposits | 25,955,168 |
| TOTAL SHARES & DEPOSITS | 71,786,375 |
| TOTAL LIABILITIES | 73,015,779 |
| Regular Reserve | 932,625 |
| Other Reserves | 1,380,612 |
| Undivided Earnings | 15,203,449 |
| TOTAL EQUITY | 17,516,686 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 90,532,465 |
| INCOME & EXPENSE | |
| Loan Income | 1,323,991 |
| Investment Income | 441,766 |
| Other Income | 193,160 |
| Total Employee Compensation & Benefits | 827,965 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 822,852 |
| Non-operating Income & (Expense) | -45,000 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 76,516 |
| Cost of Funds | 73,835 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 612,236 |
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