Dec, 31, 2023 — FINANCIAL PARTNERS CREDIT UNION is a federally insured state chartered credit union headquartered in DOWNEY, CA with 14 branch locations and about $2.27 billion in total assets. Opened 87 years ago in 1937, FINANCIAL PARTNERS CREDIT UNION has about 90,248 members and employs 295 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | FINANCIAL PARTNERS CREDIT UNION |
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Address: (Main Office) | 7800 Imperial Hwy DOWNEY, CA 90242-3457 |
Phone: | (562) 923-0311 |
Fax: | (562) 904-4285 |
Website: | https://www.fpcu.org |
Branches: | 14 branch locations |
Members: | 90,248 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68457 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1937 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $2,274,502,940 |
CEO/Manager: | Nader Moghaddam |
Chairperson: | Barbara Smith |
ASSETS: | $ Amount |
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Cash & Equivalents | 113,220,173 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,411,330,952 |
Unsecured Loans | 151,330,229 |
Other Loans | 283,255,989 |
TOTAL LOANS | 1,845,917,170 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -11,616,017 |
Land And Building | 22,764,210 |
Other Fixed Assets | 5,474,566 |
NCUSIF Deposit | 16,518,801 |
All Other Assets | 173,211 |
TOTAL ASSETS | 2,274,502,940 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 716,716 |
Notes & Interest Payable | 226,079,183 |
Accounts Payable & Other Liabilities | 32,045,772 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 35,000,000 |
Share Drafts | 305,521,657 |
Regular shares | 471,239,881 |
All Other Shares & Deposits | 1,063,811,534 |
TOTAL SHARES & DEPOSITS | 1,840,573,072 |
TOTAL LIABILITIES | 2,134,414,743 |
Regular Reserve | 0 |
Other Reserves | 9,184,146 |
Undivided Earnings | 130,904,051 |
TOTAL EQUITY | 140,088,197 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,274,502,940 |
INCOME & EXPENSE | |
Loan Income | 82,860,801 |
Investment Income | 9,059,891 |
Other Income | 5,873,445 |
Total Employee Compensation & Benefits | 33,620,925 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 31,571,541 |
Non-operating Income & (Expense) | 678,392 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,683,577 |
Cost of Funds | 39,332,099 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 4,762,682 |
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