Dec, 31, 2023 — PROSPECTORS FEDERAL CREDIT UNION is a federal credit union headquartered in DIAMOND BAR, CA with 2 branch locations and about $100.51 million in total assets. Opened 75 years ago in 1949, PROSPECTORS FEDERAL CREDIT UNION has about 5,209 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: | PROSPECTORS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1310 Valley Vista Dr DIAMOND BAR, CA 91765-3910 |
| Phone: | (909) 396-9688 |
| Fax: | (909) 396-6226 |
| Website: | https://prospectorsfcu.org |
| Branches: | 2 branch locations |
| Members: | 5,209 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6072 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1949 |
| Last Audited: | Sep 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $100,507,430 |
| CEO/Manager: | Debra L Barrera |
| Chairperson: | John Forrest |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 600,308 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 48,560,341 |
| Unsecured Loans | 4,403,550 |
| Other Loans | 18,321,173 |
| TOTAL LOANS | 71,285,064 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -297,736 |
| Land And Building | 1,172,798 |
| Other Fixed Assets | 69,152 |
| NCUSIF Deposit | 741,454 |
| All Other Assets | 0 |
| TOTAL ASSETS | 100,507,430 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 128,961 |
| Notes & Interest Payable | 7,328,776 |
| Accounts Payable & Other Liabilities | 1,627,134 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,552,439 |
| Regular shares | 29,832,857 |
| All Other Shares & Deposits | 46,748,215 |
| TOTAL SHARES & DEPOSITS | 83,133,515 |
| TOTAL LIABILITIES | 92,218,386 |
| Regular Reserve | 0 |
| Other Reserves | -984,662 |
| Undivided Earnings | 9,273,706 |
| TOTAL EQUITY | 8,289,044 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 100,507,430 |
| INCOME & EXPENSE | |
| Loan Income | 2,948,132 |
| Investment Income | 452,102 |
| Other Income | 186,952 |
| Total Employee Compensation & Benefits | 1,299,482 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,080,877 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 100,951 |
| Cost of Funds | 1,214,212 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 88,436 |
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