Dec, 31, 2020 — PROSPECTORS FEDERAL CREDIT UNION is a federal credit union headquartered in DIAMOND BAR, CA with 2 branch locations and about $89.60 million in total assets. Opened 72 years ago in 1949, PROSPECTORS FEDERAL CREDIT UNION has about 5,349 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: | http://prospectorsfcu.org |
| Branches: | 2 branch locations |
| Members: | 5,349 |
| 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, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $89,601,179 |
| CEO/Manager: | Debra L Barrera |
| Chairperson: | Douglas Blankenship |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,566,094 |
| TOTAL INVESTMENTS | 22,071,109 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 32,167,099 |
| Unsecured Loans | 3,664,688 |
| Other Loans | 18,175,925 |
| TOTAL LOANS | 54,150,549 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -92,568 |
| Land And Building | 1,068,312 |
| Other Fixed Assets | 200,320 |
| NCUSIF Deposit | 700,906 |
| All Other Assets | 936,457 |
| TOTAL ASSETS | 89,601,179 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 46,770 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 856,694 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,970,445 |
| Regular shares | 27,070,051 |
| All Other Shares & Deposits | 46,159,112 |
| TOTAL SHARES & DEPOSITS | 79,199,608 |
| TOTAL LIABILITIES | 80,103,072 |
| Regular Reserve | 595,670 |
| Other Reserves | 798,364 |
| Undivided Earnings | 8,104,073 |
| TOTAL EQUITY | 9,498,107 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 89,601,179 |
| INCOME & EXPENSE | |
| Loan Income | 2,252,250 |
| Investment Income | 444,651 |
| Other Income | 359,363 |
| Total Employee Compensation & Benefits | 1,223,911 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 934,466 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 32,489 |
| Cost of Funds | 660,038 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 205,360 |
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