Dec, 31, 2023 — 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 $209.92 million in total assets. Opened 88 years ago in 1936, LONG BEACH FIREMEN S CREDIT UNION has about 3,311 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: | LONG BEACH FIREMEN S CREDIT UNION |
|---|---|
| Address: (Main Office) | 2245 Argonne Ave LONG BEACH, CA 90815 |
| Phone: | (562) 597-0351 |
| Fax: | (562) 597-0453 |
| Website: | https://www.lbfcu.org |
| Branches: | 1 branch locations |
| Members: | 3,311 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67921 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $209,922,960 |
| CEO/Manager: | Sandra Crane |
| Chairperson: | Mark Manor |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,420,761 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 141,407,140 |
| Unsecured Loans | 1,229,462 |
| Other Loans | 8,127,896 |
| TOTAL LOANS | 150,764,498 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,926,238 |
| Land And Building | 0 |
| Other Fixed Assets | 9,033 |
| NCUSIF Deposit | 1,569,243 |
| All Other Assets | 0 |
| TOTAL ASSETS | 209,922,960 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 154,730 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 11,964,521 |
| Regular shares | 138,178,037 |
| All Other Shares & Deposits | 8,461,658 |
| TOTAL SHARES & DEPOSITS | 158,604,216 |
| TOTAL LIABILITIES | 158,758,946 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 51,164,014 |
| TOTAL EQUITY | 51,164,014 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 209,922,960 |
| INCOME & EXPENSE | |
| Loan Income | 4,678,322 |
| Investment Income | 1,216,134 |
| Other Income | 107,971 |
| Total Employee Compensation & Benefits | 1,016,427 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 599,355 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 1,842,811 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,664,845 |
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