Jun, 30, 2024 — SCE FEDERAL CREDIT UNION (SCE FCU) is a federal credit union headquartered in IRWINDALE, CA with 11 branch locations and about $989.76 million in total assets. Opened 73 years ago in 1952, SCE FEDERAL CREDIT UNION (SCE FCU) has about 63,408 members and employs 185 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SCE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 12701 Schabarum Ave IRWINDALE, CA 91706 |
| Phone: | (626) 960-6888 |
| Fax: | (626) 646-2255 |
| Website: | https://www.scefcu.org |
| Branches: | 11 branch locations |
| Members: | 63,408 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7835 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Mar 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $989,764,256 |
| CEO/Manager: | Jennifer Q Oliver |
| Chairperson: | Michael C Maxwell |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 109,765,397 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 314,941,665 |
| Unsecured Loans | 64,720,564 |
| Other Loans | 272,431,321 |
| TOTAL LOANS | 652,093,550 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,385,686 |
| Land And Building | 12,807,970 |
| Other Fixed Assets | 2,529,775 |
| NCUSIF Deposit | 8,160,913 |
| All Other Assets | 146,629 |
| TOTAL ASSETS | 989,764,256 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 31,760 |
| Notes & Interest Payable | 15,000,000 |
| Accounts Payable & Other Liabilities | 11,976,118 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 186,085,270 |
| Regular shares | 259,186,421 |
| All Other Shares & Deposits | 448,192,902 |
| TOTAL SHARES & DEPOSITS | 893,464,593 |
| TOTAL LIABILITIES | 920,472,471 |
| Regular Reserve | 0 |
| Other Reserves | -16,029,736 |
| Undivided Earnings | 85,321,521 |
| TOTAL EQUITY | 69,291,785 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 989,764,256 |
| INCOME & EXPENSE | |
| Loan Income | 20,446,086 |
| Investment Income | 3,467,461 |
| Other Income | 7,801,729 |
| Total Employee Compensation & Benefits | 15,089,966 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 10,091,437 |
| Non-operating Income & (Expense) | 1 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,012,000 |
| Cost of Funds | 2,251,569 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,751,320 |
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