Dec, 31, 2023 — MATADORS COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in CHATSWORTH, CA with 2 branch locations and about $341.53 million in total assets. Opened 61 years ago in 1963, MATADORS COMMUNITY CREDIT UNION has about 19,755 members and employs 39 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MATADORS COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 20045 Prairie St CHATSWORTH, CA 91311 |
| Phone: | (818) 993-6328 |
| Fax: | (818) 993-0324 |
| Website: | https://www.matadors.org |
| Branches: | 2 branch locations |
| Members: | 19,755 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68483 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1963 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $341,525,568 |
| CEO/Manager: | Melissa Broadwell |
| Chairperson: | John Khoukaz |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 29,368,375 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 97,596,554 |
| Unsecured Loans | 1,184,212 |
| Other Loans | 176,446,371 |
| TOTAL LOANS | 275,227,137 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,542,211 |
| Land And Building | 10,655,732 |
| Other Fixed Assets | 1,264,528 |
| NCUSIF Deposit | 2,440,107 |
| All Other Assets | 84,438 |
| TOTAL ASSETS | 341,525,568 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 10,000,000 |
| Accounts Payable & Other Liabilities | 3,481,310 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 55,357,264 |
| Regular shares | 66,434,438 |
| All Other Shares & Deposits | 167,525,264 |
| TOTAL SHARES & DEPOSITS | 289,316,966 |
| TOTAL LIABILITIES | 302,798,276 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 38,727,292 |
| TOTAL EQUITY | 38,727,292 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 341,525,568 |
| INCOME & EXPENSE | |
| Loan Income | 13,940,887 |
| Investment Income | 1,848,748 |
| Other Income | 903,597 |
| Total Employee Compensation & Benefits | 5,532,324 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,474,335 |
| Non-operating Income & (Expense) | -75,532 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,228,488 |
| Cost of Funds | 4,537,424 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,219,754 |
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