Dec, 31, 2023 — REDLANDS CITY EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in REDLANDS, CA with 1 branch location and about $9.87 million in total assets. Opened 70 years ago in 1954, REDLANDS CITY EMPLOYEES FEDERAL CREDIT UNION has about 714 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | REDLANDS CITY EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 35 Cajon St Ste 14 REDLANDS, CA 92373-4746 |
| Phone: | (909) 798-7626 |
| Fax: | (909) 793-4316 |
| Website: | https://redlandsfcu.org |
| Branches: | 1 branch locations |
| Members: | 714 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9778 |
|---|---|
| Membership Type: | Federal, State, Local Government |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $9,869,398 |
| CEO/Manager: | Heather J Jedinak |
| Chairperson: | CLETE HYMAN |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 718,370 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 839,120 |
| Other Loans | 4,490,875 |
| TOTAL LOANS | 5,329,995 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -13,443 |
| Land And Building | 0 |
| Other Fixed Assets | 8,249 |
| NCUSIF Deposit | 80,210 |
| All Other Assets | 0 |
| TOTAL ASSETS | 9,869,398 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 60,813 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 7,618,341 |
| All Other Shares & Deposits | 20,000 |
| TOTAL SHARES & DEPOSITS | 7,638,340 |
| TOTAL LIABILITIES | 7,699,153 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,170,245 |
| TOTAL EQUITY | 2,170,245 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 9,869,398 |
| INCOME & EXPENSE | |
| Loan Income | 201,398 |
| Investment Income | 247,966 |
| Other Income | 2,158 |
| Total Employee Compensation & Benefits | 113,258 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 64,871 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 31,492 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 243,801 |
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