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National Credit Union Service Organization

NAFT FEDERAL CREDIT UNION

Dec, 31, 2020 — NAFT FEDERAL CREDIT UNION is a federal credit union headquartered in Pharr, TX with 5 branch locations and about $108.47 million in total assets. Opened 65 years ago in 1956, NAFT FEDERAL CREDIT UNION has about 11,677 members and employs 36 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 314987372
Name:NAFT FEDERAL CREDIT UNION
Address:
(Main Office)
PO Box 771
Pharr, TX 78577
Phone:(956) 787-2774
Fax:(956) 783-4998
Website:http://www.naftfcu.coop
Branches:5 branch locations
Members:11,677
Credit Union Type:Federal Credit Union
Charter Number:10994
Membership Type:Multiple common bond - Primarily educational
Corporate Credit Union:No
Year Opened:1956
Last Audited:Feb 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$108,466,627
CEO/Manager:George H Bailey
Chairperson:Jose A Farias

Call Report

  • Debt Cancellation/Suspension
  • Overdraft Protection
  • Real Estate Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Check Cashing
  • In-School Branches
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 22,507,341
TOTAL INVESTMENTS 30,307,510
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 13,527,366
 Other Loans 38,624,338
 TOTAL LOANS 53,398,618
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -614,093
 Land And Building 1,072,143
 Other Fixed Assets 459,808
 NCUSIF Deposit 879,074
 All Other Assets 456,226
  TOTAL ASSETS 108,466,627
LIABILITIES & CAPITAL:  
 Dividends Payable 10,091
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,168,088
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 24,221,250
 Regular shares 45,527,669
 All Other Shares & Deposits 22,659,533
  TOTAL SHARES & DEPOSITS 92,408,452
  TOTAL LIABILITIES 94,586,631
 Regular Reserve 863,206
 Other Reserves -1,235,461
 Undivided Earnings 14,252,251
  TOTAL EQUITY 13,879,996
  TOTAL LIABILITIES, SHARES, & EQUITY 108,466,627
INCOME & EXPENSE  
 Loan Income 2,802,350
 Investment Income 459,490
 Other Income 1,939,756
 Total Employee Compensation & Benefits 1,883,617
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,932,984
 Non-operating Income & (Expense) -4,000
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 312,780
 Cost of Funds 179,120
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 889,095
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