Dec, 31, 2023 — NASA FEDERAL CREDIT UNION is a federal credit union headquartered in UPPER MARLBORO, MD with 14 branch locations and about $5.24 billion in total assets. Opened 75 years ago in 1949, NASA FEDERAL CREDIT UNION has about 237,764 members and employs 372 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NASA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 500 Prince Georges Blvd UPPER MARLBORO, MD 20774 |
| Phone: | (301) 249-1800 |
| Fax: | (301) 390-4538 |
| Website: | https://www.nasafcu.com |
| Branches: | 14 branch locations |
| Members: | 237,764 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6328 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1949 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $5,242,911,826 |
| CEO/Manager: | Douglas Allman |
| Chairperson: | Lewis Andrews |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 723,608,861 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 1,510,015 |
| Real Estate Loans | 2,465,124,568 |
| Unsecured Loans | 597,668,237 |
| Other Loans | 1,072,470,748 |
| TOTAL LOANS | 4,135,872,074 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -32,089,508 |
| Land And Building | 19,538,844 |
| Other Fixed Assets | 5,240,253 |
| NCUSIF Deposit | 33,375,658 |
| All Other Assets | 4,096,507 |
| TOTAL ASSETS | 5,242,911,826 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 560,000,000 |
| Accounts Payable & Other Liabilities | 29,492,087 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 455,549,892 |
| Regular shares | 720,925,122 |
| All Other Shares & Deposits | 2,969,990,124 |
| TOTAL SHARES & DEPOSITS | 4,146,465,140 |
| TOTAL LIABILITIES | 4,736,017,514 |
| Regular Reserve | 0 |
| Other Reserves | 9,639,225 |
| Undivided Earnings | 497,255,087 |
| TOTAL EQUITY | 506,894,312 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,242,911,826 |
| INCOME & EXPENSE | |
| Loan Income | 209,051,076 |
| Investment Income | 47,345,295 |
| Other Income | 9,047,294 |
| Total Employee Compensation & Benefits | 48,661,684 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 34,591,009 |
| Non-operating Income & (Expense) | -171,363 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 37,370,669 |
| Cost of Funds | 119,261,185 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 45,309,432 |
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