Sep, 30, 2025 — MARINE FEDERAL CREDIT UNION is a federal credit union headquartered in JACKSONVILLE, NC with 14 branch locations and about $1.05 billion in total assets. Opened 67 years ago in 1959, MARINE FEDERAL CREDIT UNION has about 78,264 members and employs 251 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MARINE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 4180 Western Blvd JACKSONVILLE, NC 28546-6740 |
| Phone: | (910) 577-7333 |
| Fax: | (910) 355-7872 |
| Website: | https://www.marinefederalhb.org |
| Branches: | 14 branch locations |
| Members: | 78,264 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 12977 |
|---|---|
| Membership Type: | Multiple common bond - Primarily military |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,051,184,214 |
| CEO/Manager: | Jeffrey Clark |
| Chairperson: | Chuck Collins |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 108,590,340 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 340,647,386 |
| Unsecured Loans | 143,893,789 |
| Other Loans | 289,415,830 |
| TOTAL LOANS | 773,957,005 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -24,174,414 |
| Land And Building | 7,256,627 |
| Other Fixed Assets | 7,494,091 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 8,319,497 |
| All Other Assets | 625,502 |
| TOTAL ASSETS | 1,051,184,214 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 933,108 |
| Notes & Interest Payable | 8,000,000 |
| Accounts Payable & Other Liabilities | 11,152,558 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 9,680,000 |
| Share Drafts | 178,331,260 |
| Regular shares | 241,272,906 |
| All Other Shares & Deposits | 508,251,034 |
| TOTAL SHARES & DEPOSITS | 927,855,200 |
| TOTAL LIABILITIES | 957,772,779 |
| Regular Reserve | 0 |
| Other Reserves | -2,758,639 |
| Undivided Earnings | 96,170,074 |
| TOTAL EQUITY | 93,411,435 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,051,184,214 |
| INCOME & EXPENSE | |
| Loan Income | 40,744,749 |
| Investment Income | 6,019,414 |
| Other Income | 4,402,974 |
| Total Employee Compensation & Benefits | 12,900,665 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 15,791,416 |
| Non-operating Income & (Expense) | -21,081 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 12,902,792 |
| Cost of Funds | 10,421,555 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 5,286,572 |
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