Dec, 31, 2023 — DOWNEY FEDERAL CREDIT UNION is a federal credit union headquartered in DOWNEY, CA with 1 branch location and about $362.35 million in total assets. Opened 67 years ago in 1957, DOWNEY FEDERAL CREDIT UNION has about 19,249 members and employs 60 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | DOWNEY FEDERAL CREDIT UNION |
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Address: (Main Office) | 8237 3rd St DOWNEY, CA 90241-3718 |
Phone: | (562) 862-8141 |
Fax: | (562) 622-0791 |
Website: | https://www.downeyfcu.org |
Branches: | 1 branch locations |
Members: | 19,249 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 11870 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1957 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $362,346,344 |
CEO/Manager: | Raymond G Mesler |
Chairperson: | Robert J Becker |
ASSETS: | $ Amount |
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Cash & Equivalents | 70,817,447 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 79,282,101 |
Unsecured Loans | 28,899,036 |
Other Loans | 47,749,410 |
TOTAL LOANS | 164,514,418 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,590,210 |
Land And Building | 6,995,054 |
Other Fixed Assets | 1,053,781 |
NCUSIF Deposit | 2,454,691 |
All Other Assets | 0 |
TOTAL ASSETS | 362,346,344 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 94,500,000 |
Accounts Payable & Other Liabilities | 6,259,231 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 49,841,636 |
Regular shares | 127,691,807 |
All Other Shares & Deposits | 69,497,513 |
TOTAL SHARES & DEPOSITS | 247,030,956 |
TOTAL LIABILITIES | 347,790,187 |
Regular Reserve | 0 |
Other Reserves | -13,963,638 |
Undivided Earnings | 28,519,795 |
TOTAL EQUITY | 14,556,157 |
TOTAL LIABILITIES, SHARES, & EQUITY | 362,346,344 |
INCOME & EXPENSE | |
Loan Income | 7,395,844 |
Investment Income | 5,155,576 |
Other Income | 603,891 |
Total Employee Compensation & Benefits | 5,087,385 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 4,445,635 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,262,900 |
Cost of Funds | 3,875,413 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 295,530 |
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