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NMA FEDERAL CREDIT UNION

Jun, 30, 2021 — NMA FEDERAL CREDIT UNION is a federal credit union headquartered in Virginia Beach, VA with 5 branch locations and about $64.51 million in total assets. Opened 61 years ago in 1960, NMA FEDERAL CREDIT UNION has about 7,835 members and employs 21 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:http://www.nmafcu.com
Branches:5 branch locations
Members:7,835
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:$64,506,739
CEO/Manager:Michael R Coleman
Chairperson:Betty Hrubes

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 7,995,710
TOTAL INVESTMENTS 25,200,039
Loans Held for Sale 0
 
 Real Estate Loans 3,861,676
 Unsecured Loans 2,789,214
 Other Loans 21,526,417
 TOTAL LOANS 28,177,307
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -285,420
 Land And Building 369,644
 Other Fixed Assets 75,908
 NCUSIF Deposit 567,489
 All Other Assets 2,406,062
  TOTAL ASSETS 64,506,739
LIABILITIES & CAPITAL:  
 Dividends Payable 20,693
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 106,893
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 13,618,510
 Regular shares 26,630,840
 All Other Shares & Deposits 20,757,931
  TOTAL SHARES & DEPOSITS 61,007,281
  TOTAL LIABILITIES 61,134,867
 Regular Reserve 814,624
 Other Reserves 397,954
 Undivided Earnings 2,159,294
  TOTAL EQUITY 3,371,872
  TOTAL LIABILITIES, SHARES, & EQUITY 64,506,739
INCOME & EXPENSE  
 Loan Income 741,204
 Investment Income 168,599
 Other Income 285,448
 Total Employee Compensation & Benefits 485,640
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 815,218
 Non-operating Income & (Expense) 3,090
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 35,645
 Cost of Funds 93,579
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -220,275
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