Sep, 30, 2025 — L. A. ELECTRICAL WORKERS CREDIT UNION is a federally insured state chartered credit union headquartered in PASADENA, CA with 2 branch locations and about $53.15 million in total assets. Opened 73 years ago in 1953, L. A. ELECTRICAL WORKERS CREDIT UNION has about 8,343 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | L. A. ELECTRICAL WORKERS CREDIT UNION |
|---|---|
| Address: (Main Office) | 3820 E Colorado Blvd PASADENA, CA 91107-3937 |
| Phone: | (626) 440-9284 |
| Fax: | (626) 440-9485 |
| Website: | https://www.laewcu.com |
| Branches: | 2 branch locations |
| Members: | 8,343 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60755 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $53,154,262 |
| CEO/Manager: | Shawn P McDonald |
| Chairperson: | Gary C Tomlin |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 13,679,903 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,484,100 |
| Unsecured Loans | 2,612,049 |
| Other Loans | 7,597,520 |
| TOTAL LOANS | 12,693,669 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -273,446 |
| Land And Building | 2,773,006 |
| Other Fixed Assets | 258,015 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 414,075 |
| All Other Assets | 27,126 |
| TOTAL ASSETS | 53,154,262 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 7,680 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 266,107 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,923,750 |
| Regular shares | 37,299,636 |
| All Other Shares & Deposits | 3,354,743 |
| TOTAL SHARES & DEPOSITS | 43,578,129 |
| TOTAL LIABILITIES | 43,851,916 |
| Regular Reserve | 0 |
| Other Reserves | -1,229,747 |
| Undivided Earnings | 10,532,093 |
| TOTAL EQUITY | 9,302,346 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 53,154,262 |
| INCOME & EXPENSE | |
| Loan Income | 670,845 |
| Investment Income | 779,539 |
| Other Income | 354,088 |
| Total Employee Compensation & Benefits | 706,838 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 720,242 |
| Non-operating Income & (Expense) | 34,238 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 53,643 |
| Cost of Funds | 24,288 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 333,699 |
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