Dec, 31, 2023 — NORTHEAST COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in SAN FRANCISCO, CA with 2 branch locations and about $14.61 million in total assets. Opened 43 years ago in 1981, NORTHEAST COMMUNITY FEDERAL CREDIT UNION has about 1,025 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | NORTHEAST COMMUNITY FEDERAL CREDIT UNION |
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Address: (Main Office) | 127 WAVERLY PL SAN FRANCISCO, CA 94108-1610 |
Phone: | (415) 434-0738 |
Fax: | (415) 434-0715 |
Website: | https://www.necfcu.org |
Branches: | 2 branch locations |
Members: | 1,025 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 23780 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1981 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $14,607,794 |
CEO/Manager: | Lily Lo |
Chairperson: | MICHAEL CHAN |
ASSETS: | $ Amount |
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Cash & Equivalents | 749,281 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,626,957 |
Unsecured Loans | 10,525 |
Other Loans | 147,384 |
TOTAL LOANS | 2,784,866 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -67,130 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 78,957 |
All Other Assets | 0 |
TOTAL ASSETS | 14,607,794 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 635 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 193,914 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 1,650,000 |
Share Drafts | 567,841 |
Regular shares | 6,406,514 |
All Other Shares & Deposits | 2,699,293 |
TOTAL SHARES & DEPOSITS | 9,673,648 |
TOTAL LIABILITIES | 11,518,197 |
Regular Reserve | 0 |
Other Reserves | 1,122,429 |
Undivided Earnings | 1,967,168 |
TOTAL EQUITY | 3,089,597 |
TOTAL LIABILITIES, SHARES, & EQUITY | 14,607,794 |
INCOME & EXPENSE | |
Loan Income | 109,453 |
Investment Income | 396,879 |
Other Income | 8,412 |
Total Employee Compensation & Benefits | 307,159 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 94,725 |
Non-operating Income & (Expense) | 311,013 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 63,179 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 360,694 |
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