Dec, 31, 2020 — NORTHEAST ALABAMA POSTAL FEDERAL CREDIT UNION is a federal credit union headquartered in anniston, AL with 1 branch location and about $15.47 million in total assets. Opened 65 years ago in 1956, NORTHEAST ALABAMA POSTAL FEDERAL CREDIT UNION has about 1,200 members and employs 3 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 ALABAMA POSTAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | P O Box 1927 anniston, AL 36202 |
| Phone: | (256) 237-4259 |
| Fax: | (256) 237-5813 |
| Website: | http://www.neapfcu.com |
| Branches: | 1 branch locations |
| Members: | 1,200 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11056 |
|---|---|
| Membership Type: | Federal, State, Local Government |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Jun 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $15,466,547 |
| CEO/Manager: | MARGARET E SIMMONS |
| Chairperson: | JERRY B CURRY |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,575,993 |
| TOTAL INVESTMENTS | 2,082,777 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,862,865 |
| Unsecured Loans | 321,467 |
| Other Loans | 5,318,430 |
| TOTAL LOANS | 9,502,762 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -48,411 |
| Land And Building | 183,917 |
| Other Fixed Assets | 15,443 |
| NCUSIF Deposit | 124,227 |
| All Other Assets | 29,839 |
| TOTAL ASSETS | 15,466,547 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 16,774 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 4,428,743 |
| All Other Shares & Deposits | 8,365,139 |
| TOTAL SHARES & DEPOSITS | 12,793,882 |
| TOTAL LIABILITIES | 12,810,656 |
| Regular Reserve | 298,209 |
| Other Reserves | 0 |
| Undivided Earnings | 2,357,682 |
| TOTAL EQUITY | 2,655,891 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 15,466,547 |
| INCOME & EXPENSE | |
| Loan Income | 475,994 |
| Investment Income | 58,877 |
| Other Income | 12,760 |
| Total Employee Compensation & Benefits | 158,956 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 149,700 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 8,564 |
| Cost of Funds | 160,689 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 69,722 |
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