Dec, 31, 2023 — L. A. ELECTRICAL WORKERS CREDIT UNION is a federally insured state chartered credit union headquartered in PASADENA, CA with 2 branch locations and about $56.04 million in total assets. Opened 71 years ago in 1953, L. A. ELECTRICAL WORKERS CREDIT UNION has about 9,116 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 |
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Address: (Main Office) | 3820 E Colorado Blvd PASADENA, CA 91107-3937 |
Phone: | (626) 440-9284 |
Fax: | (626) 440-9485 |
Website: | https://laewcu.com |
Branches: | 2 branch locations |
Members: | 9,116 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 60755 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1953 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $56,037,630 |
CEO/Manager: | Shawn P McDonald |
Chairperson: | ROBERT J CORONA |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,063,435 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,931,069 |
Unsecured Loans | 2,148,414 |
Other Loans | 8,465,737 |
TOTAL LOANS | 12,545,220 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -168,262 |
Land And Building | 2,816,165 |
Other Fixed Assets | 438,937 |
NCUSIF Deposit | 489,661 |
All Other Assets | 0 |
TOTAL ASSETS | 56,037,630 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 11,308 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 450,253 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,859,186 |
Regular shares | 39,961,324 |
All Other Shares & Deposits | 4,937,981 |
TOTAL SHARES & DEPOSITS | 47,758,491 |
TOTAL LIABILITIES | 48,220,052 |
Regular Reserve | 0 |
Other Reserves | -2,114,551 |
Undivided Earnings | 9,932,129 |
TOTAL EQUITY | 7,817,578 |
TOTAL LIABILITIES, SHARES, & EQUITY | 56,037,630 |
INCOME & EXPENSE | |
Loan Income | 587,183 |
Investment Income | 1,213,835 |
Other Income | 256,982 |
Total Employee Compensation & Benefits | 761,951 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 888,095 |
Non-operating Income & (Expense) | 38,146 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 46,901 |
Cost of Funds | 53,840 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 345,359 |
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