Dec, 31, 2023 — INTERFAITH FEDERAL CREDIT UNION is a federal credit union headquartered in MONTCLAIR, CA with 5 branch locations and about $122.97 million in total assets. Opened 76 years ago in 1948, INTERFAITH FEDERAL CREDIT UNION has about 7,112 members and employs 27 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | INTERFAITH FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 9040 Benson Ave MONTCLAIR, CA 91763 |
| Phone: | (909) 946-4096 |
| Fax: | (909) 981-7055 |
| Website: | https://www.interfaithfcu.org |
| Branches: | 5 branch locations |
| Members: | 7,112 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5816 |
|---|---|
| Membership Type: | Multiple common bond - Primarily faith based |
| Corporate Credit Union: | No |
| Year Opened: | 1948 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $122,974,884 |
| CEO/Manager: | Ramon Noperi |
| Chairperson: | Robert Meyers |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,615,641 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 55,556,726 |
| Unsecured Loans | 5,862,176 |
| Other Loans | 7,862,239 |
| TOTAL LOANS | 70,057,349 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -394,624 |
| Land And Building | 2,223,895 |
| Other Fixed Assets | 209,987 |
| NCUSIF Deposit | 1,080,760 |
| All Other Assets | 0 |
| TOTAL ASSETS | 122,974,884 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 283,766 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 39,467,089 |
| Regular shares | 34,428,480 |
| All Other Shares & Deposits | 35,057,324 |
| TOTAL SHARES & DEPOSITS | 108,952,894 |
| TOTAL LIABILITIES | 109,236,660 |
| Regular Reserve | 0 |
| Other Reserves | 1,306,852 |
| Undivided Earnings | 12,431,372 |
| TOTAL EQUITY | 13,738,224 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 122,974,884 |
| INCOME & EXPENSE | |
| Loan Income | 2,954,014 |
| Investment Income | 1,009,595 |
| Other Income | 322,842 |
| Total Employee Compensation & Benefits | 1,860,120 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,724,464 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,000 |
| Cost of Funds | 443,501 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 597,371 |
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