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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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