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WESTERN STATES REGIONAL FEDERAL CREDIT UNION

Dec, 31, 2021 — WESTERN STATES REGIONAL FEDERAL CREDIT UNION is a federal credit union headquartered in Los Angeles, CA with 1 branch location and about $660,735 in total assets. Opened 68 years ago in 1954, WESTERN STATES REGIONAL FEDERAL CREDIT UNION has about 260 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:WESTERN STATES REGIONAL FEDERAL CREDIT UNION
Address:
(Main Office)
920 South Alvarado Street
Los Angeles, CA 90006
Phone:(213) 385-0271
Fax:(213) 385-2615
Website:n/a
Branches:1 branch locations
Members:260
Credit Union Type:Federal Credit Union
Charter Number:9255
Membership Type:Associational - Other than religious or fraternal, or 'low-income'
Corporate Credit Union:No
Year Opened:1954
Last Audited:Sep 01, 2019
FHLB Member:No
Low Income Designation:No
Assets:$660,735
CEO/Manager:M. Mitchell Bonca
Chairperson:Cristina R Vazquez

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 274,865
TOTAL INVESTMENTS 271,041
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 58,014
 Other Loans 49,158
 TOTAL LOANS 107,172
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -2,321
 Land And Building 0
 Other Fixed Assets 1,467
 NCUSIF Deposit 5,650
 All Other Assets 2,861
  TOTAL ASSETS 660,735
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 83
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 455,478
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 455,478
  TOTAL LIABILITIES 455,561
 Regular Reserve 23,074
 Other Reserves 0
 Undivided Earnings 182,100
  TOTAL EQUITY 205,174
  TOTAL LIABILITIES, SHARES, & EQUITY 660,735
INCOME & EXPENSE  
 Loan Income 1,868
 Investment Income 473
 Other Income 21
 Total Employee Compensation & Benefits 0
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 18,335
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,691
 Cost of Funds 1,710
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -19,374
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