dfcu · 2019. 7. 23. · downey federal credit union street, downey, ca 90241 562.862.8141 dfcu...
TRANSCRIPT
Downey Federal Credit Union8237 3rd Street, Downey, CA 90241
562.862.8141 www.downeyfcu.org
DFCU Board of DirectorsBrian Saylors (Chairman)
Stan HanstadRobert J. BeckerDr. Brian Brown
Laura KramerRaul Lopez
Ed Potter
DFCU Supervisory Committee Ray Brown (Chairman)Jim MoganGiovanna SaabBobbie Samperi
CONRAD DEL ROSARIO Business Teacher, Warren High School
CARYN JASICH Principal, Old River Elementary School
st
XOCHITL ORTIZ Assistant Principal, Columbus High School
Downey Federal Credit Union has been serving educators since 1957. Originally founded as Downey School Employees Federal Credit Union, DFCU prides itself in supporting Downey Uni�ed School District, the education of our local students and the future leaders of our community.
JIM MOGAN President, Downey Education Association
DR. JOHN GARCIA Superintendent, Downey Uni�ed School District
++
DATA
DFCU
TECH
GROWTH
Mobile Banking Enhancement
Loan Origination Program
Data Systems UpgradeSocial Media Growth
IT Resource Expansion
Automated Signature Proccess through DocuSign
Statement Upgrade
All-Star Innovation and Design Lab at Lewis Elementary funded by 2018 DFCU Student Enrichment Grant
Bite of Reality financial literacy automated simulation for young adults
DFCU STEAMFestival
How DFCU is making a di�erence in the community through technology:
Letter from the PRESIDENT/CEO & CHAIRMAN
President/CEO
•
•
•
•
•
•
ASSET Assets 2018
TOTAL ASSETS $ 220,842,889
Liabilities and Equity 2018
TOTAL LIABILITIES AND EQUITY $ 220,842,889
STATEMENT OF INCOME AND EXPENSE*
Income 2018
TOTAL OPERATING INCOME $7,531,975
Expenses 2018
TOTAL EXPENSES $6,019,125
NET INCOME BEFORE DIVIDENDS $1,512,850
DIVIDENDS $649,284
NET INCOME $863,566
STATEMENT OF FINANCIAL CONDITION*
RAY MESLER
Chairman of the Board
BRIAN SAYLORS
GROWTH
LOANGROWTH
SHAREGROWTH
$195,000,000
$185,000,000
$170,000,000
$165,000,000
$155,000,000
$107,649,592
20182017201620152014
MEMBERSHIPGROWTH NET WORTH
$110,000,000
$100,000,000
$90,000,000
$80,000,000
$70,000,00020182017201620152014
$225,000,000
$215,000,000
$205,000,000
$195,000,000
$185,000,000
20182017201620152014
2014
2015
2016
2017
20182014 2015 2016 2017 2018
2014 2015 2016 2017 2018
2014 2015 2016 2017 2018
2014 2015 2016 2017 2018
$225,000,000
$215,000,000
$205,000,000
$195,000,000
$185,000,000
$110,000,000
$100,000,000
$90,000,000
$80,000,000
$70,000,000
12.00%
11.75%
11.50%
11.25%
11.00%
10.75%
10.50%
$195,000,000
$185,000,000
$170,000,000
$165,000,000
$155,000,000
13,500 14,000 14,500 15,000 15,500 16,000
$220,463,142$220,842,889
13,621
14,132
14,958
15,763
16,433
$162,197,576
$169,287,950
$181,002,587
$192,364,220 $192,837,632
$73,364,108
$81,941,681
$87,131,124$93,571,174
$107,649,592
$186,225,606
$194,037,952
$205,787,158
11.95%11.78%
11.12%
10.83%
11.38%
Assets 2018
TOTAL ASSETS $ 220,463,142
Liabilities and Equity 2018
TOTAL LIABILITIES AND EQUITY $ 220,463,142
STATEMENT OF INCOME AND EXPENSE*
Income 2018
TOTAL OPERATING INCOME $8,473,675
Expenses 2018
TOTAL EXPENSES $6,369,545
NET INCOME BEFORE DIVIDENDS $2,104,131
DIVIDENDS $670,920
NET INCOME $1,433,211
STATEMENT OF FINANCIAL CONDITION*
Downey Federal Credit Union8237 3rd Street, Downey, CA 90241
562.862.8141 www.downeyfcu.org
DFCU Board of DirectorsBrian Saylors (Chairman)
Stan HanstadRobert J. BeckerDr. Brian Brown
Laura KramerRaul Lopez
Ed Potter
DFCU Supervisory Committee Ray Brown (Chairman)Jim MoganGiovanna SaabBobbie Samperi
CONRAD DEL ROSARIO Business Teacher, Warren High School
CARYN JASICH Principal, Old River Elementary School
st
XOCHITL ORTIZ Assistant Principal, Columbus High School
Downey Federal Credit Union has been serving educators since 1957. Originally founded as Downey School Employees Federal Credit Union, DFCU prides itself in supporting Downey Uni�ed School District, the education of our local students and the future leaders of our community.
JIM MOGAN President, Downey Education Association
DR. JOHN GARCIA Superintendent, Downey Uni�ed School District
++
DATA
DFCU
TECH
GROWTH
Mobile Banking Enhancement
Loan Origination Program
Data Systems UpgradeSocial Media Growth
IT Resource Expansion
Automated Signature Proccess through DocuSign
Statement Upgrade
All-Star Innovation and Design Lab at Lewis Elementary funded by 2018 DFCU Student Enrichment Grant
Bite of Reality financial literacy automated simulation for young adults
DFCU STEAMFestival
How DFCU is making a di�erence in the community through technology:
Letter from the PRESIDENT/CEO & CHAIRMAN
President/CEO
•
•
•
•
•
•
ASSET Assets 2018
TOTAL ASSETS $ 220,842,889
Liabilities and Equity 2018
TOTAL LIABILITIES AND EQUITY $ 220,842,889
STATEMENT OF INCOME AND EXPENSE*
Income 2018
TOTAL OPERATING INCOME $7,531,975
Expenses 2018
TOTAL EXPENSES $6,019,125
NET INCOME BEFORE DIVIDENDS $1,512,850
DIVIDENDS $649,284
NET INCOME $863,566
STATEMENT OF FINANCIAL CONDITION*
RAY MESLER
Chairman of the Board
BRIAN SAYLORS
GROWTH
LOANGROWTH
SHAREGROWTH
$195,000,000
$185,000,000
$170,000,000
$165,000,000
$155,000,000
$107,649,592
20182017201620152014
MEMBERSHIPGROWTH NET WORTH
$110,000,000
$100,000,000
$90,000,000
$80,000,000
$70,000,00020182017201620152014
$225,000,000
$215,000,000
$205,000,000
$195,000,000
$185,000,000
20182017201620152014
2014
2015
2016
2017
20182014 2015 2016 2017 2018
2014 2015 2016 2017 2018
2014 2015 2016 2017 2018
2014 2015 2016 2017 2018
$225,000,000
$215,000,000
$205,000,000
$195,000,000
$185,000,000
$110,000,000
$100,000,000
$90,000,000
$80,000,000
$70,000,000
12.00%
11.75%
11.50%
11.25%
11.00%
10.75%
10.50%
$195,000,000
$185,000,000
$170,000,000
$165,000,000
$155,000,000
13,500 14,000 14,500 15,000 15,500 16,000
$220,463,142$220,842,889
13,621
14,132
14,958
15,763
16,433
$162,197,576
$169,287,950
$181,002,587
$192,364,220 $192,837,632
$73,364,108
$81,941,681
$87,131,124$93,571,174
$107,649,592
$186,225,606
$194,037,952
$205,787,158
11.95%11.78%
11.12%
10.83%
11.38%
Assets 2018
TOTAL ASSETS $ 220,463,142
Liabilities and Equity 2018
TOTAL LIABILITIES AND EQUITY $ 220,463,142
STATEMENT OF INCOME AND EXPENSE*
Income 2018
TOTAL OPERATING INCOME $8,473,675
Expenses 2018
TOTAL EXPENSES $6,369,545
NET INCOME BEFORE DIVIDENDS $2,104,131
DIVIDENDS $670,920
NET INCOME $1,433,211
STATEMENT OF FINANCIAL CONDITION*
Downey Federal Credit Union8237 3rd Street, Downey, CA 90241
562.862.8141 www.downeyfcu.org
DFCU Board of DirectorsBrian Saylors (Chairman)
Stan HanstadRobert J. BeckerDr. Brian Brown
Laura KramerRaul Lopez
Ed Potter
DFCU Supervisory Committee Ray Brown (Chairman)Jim MoganGiovanna SaabBobbie Samperi
CONRAD DEL ROSARIO Business Teacher, Warren High School
CARYN JASICH Principal, Old River Elementary School
st
XOCHITL ORTIZ Assistant Principal, Columbus High School
Downey Federal Credit Union has been serving educators since 1957. Originally founded as Downey School Employees Federal Credit Union, DFCU prides itself in supporting Downey Uni�ed School District, the education of our local students and the future leaders of our community.
JIM MOGAN President, Downey Education Association
DR. JOHN GARCIA Superintendent, Downey Uni�ed School District
++
DATA
DFCU
TECH
GROWTH
Mobile Banking Enhancement
Loan Origination Program
Data Systems UpgradeSocial Media Growth
IT Resource Expansion
Automated Signature Proccess through DocuSign
Statement Upgrade
All-Star Innovation and Design Lab at Lewis Elementary funded by 2018 DFCU Student Enrichment Grant
Bite of Reality financial literacy automated simulation for young adults
DFCU STEAMFestival
How DFCU is making a di�erence in the community through technology: