NMA FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.nmafcu.com for more information.
Jun, 30, 2024 — NMA FEDERAL CREDIT UNION is a federal credit union headquartered in Virginia Beach, VA with 5 branch locations and about $63.52 million in total assets. Opened 65 years ago in 1960, NMA FEDERAL CREDIT UNION has about 7,744 members and employs 20 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NMA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 4920 Haygood Rd Virginia Beach, VA 23455 |
| Phone: | (757) 497-4500 |
| Fax: | (757) 497-5346 |
| Website: | https://www.nmafcu.com |
| Branches: | 5 branch locations |
| Members: | 7,744 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13491 |
|---|---|
| Membership Type: | Multiple common bond - Primarily military |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Mar 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $63,523,177 |
| CEO/Manager: | Michael R Coleman |
| Chairperson: | Betty Hrubes |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 21,645,218 |
| TOTAL INVESTMENTS | 9,905,223 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,660,516 |
| Unsecured Loans | 2,778,619 |
| Other Loans | 22,071,633 |
| TOTAL LOANS | 28,510,768 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -276,383 |
| Land And Building | 354,644 |
| Other Fixed Assets | 70,724 |
| NCUSIF Deposit | 549,250 |
| All Other Assets | 2,763,733 |
| TOTAL ASSETS | 63,523,177 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 15,770 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 168,317 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 13,064,924 |
| Regular shares | 27,499,943 |
| All Other Shares & Deposits | 19,935,084 |
| TOTAL SHARES & DEPOSITS | 60,499,951 |
| TOTAL LIABILITIES | 60,684,038 |
| Regular Reserve | 814,624 |
| Other Reserves | 255,828 |
| Undivided Earnings | 1,768,687 |
| TOTAL EQUITY | 2,839,139 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 63,523,177 |
| INCOME & EXPENSE | |
| Loan Income | 1,493,017 |
| Investment Income | 321,814 |
| Other Income | 596,926 |
| Total Employee Compensation & Benefits | 964,893 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,617,447 |
| Non-operating Income & (Expense) | 3,090 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 113,198 |
| Cost of Funds | 154,345 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -610,882 |
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