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NMA FEDERAL CREDIT UNION

Mar, 31, 2022 — 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 62 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:http://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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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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