Jun, 30, 2024 — LONG BEACH FIREMEN S CREDIT UNION is a federally insured state chartered credit union headquartered in LONG BEACH, CA with 1 branch location and about $238.14 million in total assets. Opened 89 years ago in 1936, LONG BEACH FIREMEN S CREDIT UNION has about 3,279 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | LONG BEACH FIREMEN S CREDIT UNION |
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Address: (Main Office) | 2245 Argonne Ave LONG BEACH, CA 90815 |
Phone: | (562) 597-0351 |
Fax: | (562) 597-0453 |
Website: | https://lbfcu.org |
Branches: | 1 branch locations |
Members: | 3,279 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67921 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Jun 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $238,141,258 |
CEO/Manager: | Sandra Crane |
Chairperson: | Paul Meisel |
ASSETS: | $ Amount |
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Cash & Equivalents | 17,584,571 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 118,902,498 |
Unsecured Loans | 1,107,361 |
Other Loans | 4,913,612 |
TOTAL LOANS | 124,923,471 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,933,121 |
Land And Building | 0 |
Other Fixed Assets | 24,576 |
NCUSIF Deposit | 1,735,347 |
All Other Assets | 0 |
TOTAL ASSETS | 238,141,258 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 147,686 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 14,710,573 |
Regular shares | 166,604,703 |
All Other Shares & Deposits | 8,914,485 |
TOTAL SHARES & DEPOSITS | 190,229,761 |
TOTAL LIABILITIES | 190,377,447 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 47,763,811 |
TOTAL EQUITY | 47,763,811 |
TOTAL LIABILITIES, SHARES, & EQUITY | 238,141,258 |
INCOME & EXPENSE | |
Loan Income | 2,802,185 |
Investment Income | 757,745 |
Other Income | 48,855 |
Total Employee Compensation & Benefits | 693,783 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 428,694 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 552,144 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,019,539 |
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