Mar, 31, 2022 — VA DESERT PACIFIC FEDERAL CREDIT UNION is a federal credit union headquartered in SIGNAL HILL, CA with 2 branch locations and about $90.72 million in total assets. Opened 75 years ago in 1947, VA DESERT PACIFIC FEDERAL CREDIT UNION has about 5,679 members and employs 16 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: | 5,679 |
| 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: | $90,721,885 |
| CEO/Manager: | Christine Wood |
| Chairperson: | Luis E Vallevega |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,988,988 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 15,932,061 |
| Unsecured Loans | 6,839,854 |
| Other Loans | 23,588,238 |
| TOTAL LOANS | 46,360,153 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -85,910 |
| Land And Building | 0 |
| Other Fixed Assets | 532,977 |
| NCUSIF Deposit | 679,630 |
| All Other Assets | 0 |
| TOTAL ASSETS | 90,721,885 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 152 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,198,962 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 13,822,757 |
| Regular shares | 32,559,459 |
| All Other Shares & Deposits | 27,244,007 |
| TOTAL SHARES & DEPOSITS | 73,626,223 |
| TOTAL LIABILITIES | 74,825,337 |
| Regular Reserve | 0 |
| Other Reserves | -1,144,748 |
| Undivided Earnings | 17,041,296 |
| TOTAL EQUITY | 15,896,548 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 90,721,885 |
| INCOME & EXPENSE | |
| Loan Income | 681,545 |
| Investment Income | 201,956 |
| Other Income | 116,840 |
| Total Employee Compensation & Benefits | 463,783 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 418,293 |
| Non-operating Income & (Expense) | -22,500 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -46,277 |
| Cost of Funds | 37,764 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 310,671 |
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