Dec, 31, 2020 — FOUNTAIN VALLEY CREDIT UNION is a federally insured state chartered credit union headquartered in Fountain Valley, CA with 1 branch location and about $2.25 million in total assets. Opened 54 years ago in 1967, FOUNTAIN VALLEY CREDIT UNION has about 218 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FOUNTAIN VALLEY CREDIT UNION |
|---|---|
| Address: (Main Office) | 10200 Slater Ave Fountain Valley, CA 92708 |
| Phone: | (714) 968-3080 |
| Fax: | (714) 968-2718 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 218 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 64108 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1967 |
| Last Audited: | Dec 01, 2019 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $2,249,218 |
| CEO/Manager: | Silvia Lopez |
| Chairperson: | Tim Davis |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 279,243 |
| TOTAL INVESTMENTS | 542,014 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 401,999 |
| Other Loans | 1,000,411 |
| TOTAL LOANS | 1,402,410 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,383 |
| Land And Building | 0 |
| Other Fixed Assets | 205 |
| NCUSIF Deposit | 16,317 |
| All Other Assets | 14,412 |
| TOTAL ASSETS | 2,249,218 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 229 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 6,389 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 809,479 |
| All Other Shares & Deposits | 1,022,324 |
| TOTAL SHARES & DEPOSITS | 1,831,803 |
| TOTAL LIABILITIES | 1,838,421 |
| Regular Reserve | 175,514 |
| Other Reserves | 0 |
| Undivided Earnings | 235,283 |
| TOTAL EQUITY | 410,797 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,249,218 |
| INCOME & EXPENSE | |
| Loan Income | 91,820 |
| Investment Income | 14,606 |
| Other Income | 448 |
| Total Employee Compensation & Benefits | 45,205 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 26,551 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,500 |
| Cost of Funds | 3,401 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 30,217 |
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