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National Credit Union Service Organization

L. A. ELECTRICAL WORKERS CREDIT UNION

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.


ABA Routing Number: 322078396
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://laewcu.com
Branches:2 branch locations
Members:9,116
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, 2023
FHLB Member:No
Low Income Designation:No
Assets:$56,037,630
CEO/Manager:Shawn P McDonald
Chairperson:ROBERT J CORONA

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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