Dec, 31, 2023 — NEXTMARK FEDERAL CREDIT UNION is a federal credit union headquartered in FAIRFAX, VA with 4 branch locations and about $532.27 million in total assets. Opened 66 years ago in 1958, NEXTMARK FEDERAL CREDIT UNION has about 16,753 members and employs 62 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | NEXTMARK FEDERAL CREDIT UNION |
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Address: (Main Office) | 4201 Members Way FAIRFAX, VA 22030 |
Phone: | (703) 218-9900 |
Fax: | (703) 591-0252 |
Website: | https://www.nextmarkcu.org |
Branches: | 4 branch locations |
Members: | 16,753 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24658 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1958 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $532,273,523 |
CEO/Manager: | Joseph D Thomas Jr. |
Chairperson: | Bobbie Deegan |
ASSETS: | $ Amount |
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Cash & Equivalents | 5,696,319 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 396,973,700 |
Unsecured Loans | 8,429,266 |
Other Loans | 18,991,155 |
TOTAL LOANS | 424,394,122 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,426,824 |
Land And Building | 5,510,798 |
Other Fixed Assets | 531,929 |
NCUSIF Deposit | 3,465,245 |
All Other Assets | 24,049 |
TOTAL ASSETS | 532,273,523 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 10,253 |
Notes & Interest Payable | 81,667,382 |
Accounts Payable & Other Liabilities | 3,075,782 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 63,358,381 |
Regular shares | 100,840,553 |
All Other Shares & Deposits | 213,241,235 |
TOTAL SHARES & DEPOSITS | 377,440,168 |
TOTAL LIABILITIES | 462,288,038 |
Regular Reserve | 0 |
Other Reserves | -9,859,561 |
Undivided Earnings | 79,845,046 |
TOTAL EQUITY | 69,985,485 |
TOTAL LIABILITIES, SHARES, & EQUITY | 532,273,523 |
INCOME & EXPENSE | |
Loan Income | 24,140,278 |
Investment Income | 2,056,481 |
Other Income | 1,056,527 |
Total Employee Compensation & Benefits | 7,791,154 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 6,423,778 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 271,789 |
Cost of Funds | 8,871,484 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 6,257,304 |
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