Dec, 31, 2022 — ESPEECO FEDERAL CREDIT UNION is a federal credit union headquartered in BAKERSFIELD, CA with 1 branch location and about $12.11 million in total assets. Opened 69 years ago in 1954, ESPEECO FEDERAL CREDIT UNION has about 1,178 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ESPEECO FEDERAL CREDIT UNION |
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Address: (Main Office) | 2801 H St BAKERSFIELD, CA 93301-1913 |
Phone: | (661) 327-5548 |
Fax: | (661) 327-9791 |
Website: | https://www.espeeco.org |
Branches: | 1 branch locations |
Members: | 1,178 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 9590 |
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Membership Type: | Multiple common bond - Primarily transportation |
Corporate Credit Union: | No |
Year Opened: | 1954 |
Last Audited: | Aug 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $12,106,480 |
CEO/Manager: | MANDY L PHIPPEN |
Chairperson: | JUDE HUPP |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,823,018 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 476,765 |
Unsecured Loans | 444,448 |
Other Loans | 4,136,714 |
TOTAL LOANS | 5,057,927 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -123,900 |
Land And Building | 642,617 |
Other Fixed Assets | 18,468 |
NCUSIF Deposit | 114,393 |
All Other Assets | 0 |
TOTAL ASSETS | 12,106,480 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | -40,821 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,418,567 |
Regular shares | 9,455,293 |
All Other Shares & Deposits | 662,752 |
TOTAL SHARES & DEPOSITS | 11,536,612 |
TOTAL LIABILITIES | 11,495,791 |
Regular Reserve | 0 |
Other Reserves | 283,450 |
Undivided Earnings | 327,239 |
TOTAL EQUITY | 610,689 |
TOTAL LIABILITIES, SHARES, & EQUITY | 12,106,480 |
INCOME & EXPENSE | |
Loan Income | 192,206 |
Investment Income | 29,335 |
Other Income | 54,691 |
Total Employee Compensation & Benefits | 106,952 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 213,201 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 100,000 |
Cost of Funds | 12,011 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -149,433 |
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