Dec, 31, 2023 — EVANGELICAL CHRISTIAN CREDIT UNION is a federally insured state chartered credit union headquartered in BREA, CA with 1 branch location and about $572.00 million in total assets. Opened 60 years ago in 1964, EVANGELICAL CHRISTIAN CREDIT UNION has about 16,696 members and employs 94 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | EVANGELICAL CHRISTIAN CREDIT UNION |
|---|---|
| Address: (Main Office) | 955 W Imperial Hwy Ste 100 BREA, CA 92821-3814 |
| Phone: | (714) 671-5700 |
| Fax: | |
| Website: | https://www.adelfibanking.com |
| Branches: | 1 branch locations |
| Members: | 16,696 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63837 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1964 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $571,997,927 |
| CEO/Manager: | Abel Pomar |
| Chairperson: | Graham Crain |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 45,838,136 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 309,008,644 |
| Unsecured Loans | 32,268,137 |
| Other Loans | 118,179,222 |
| TOTAL LOANS | 459,751,288 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,486,053 |
| Land And Building | 0 |
| Other Fixed Assets | 417,698 |
| NCUSIF Deposit | 4,042,803 |
| All Other Assets | 252,513 |
| TOTAL ASSETS | 571,997,927 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 9,111 |
| Notes & Interest Payable | 378,400 |
| Accounts Payable & Other Liabilities | 7,586,105 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 168,935,988 |
| Regular shares | 53,124,284 |
| All Other Shares & Deposits | 252,770,662 |
| TOTAL SHARES & DEPOSITS | 474,830,934 |
| TOTAL LIABILITIES | 482,804,550 |
| Regular Reserve | 0 |
| Other Reserves | -938,899 |
| Undivided Earnings | 90,132,276 |
| TOTAL EQUITY | 89,193,377 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 571,997,927 |
| INCOME & EXPENSE | |
| Loan Income | 21,497,973 |
| Investment Income | 4,343,440 |
| Other Income | 6,821,138 |
| Total Employee Compensation & Benefits | 13,278,046 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 9,492,964 |
| Non-operating Income & (Expense) | 168,839 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 938,196 |
| Cost of Funds | 7,990,255 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,316,550 |
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» See also Statement of Financial Condition