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NMA FEDERAL CREDIT UNION

Mar, 31, 2021 — NMA FEDERAL CREDIT UNION is a federal credit union headquartered in Virginia Beach, VA with 5 branch locations and about $63.83 million in total assets. Opened 61 years ago in 1960, NMA FEDERAL CREDIT UNION has about 7,807 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:7,807
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$63,826,252
CEO/Manager:Michael R Coleman
Chairperson:Betty Hrubes

Call Report

  • Commercial Loans
  • Credit Builder
  • Indirect Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 8,931,186
TOTAL INVESTMENTS 24,186,931
Loans Held for Sale 0
 
 Real Estate Loans 4,112,826
 Unsecured Loans 2,849,818
 Other Loans 20,638,730
 TOTAL LOANS 27,601,374
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -270,292
 Land And Building 377,144
 Other Fixed Assets 87,977
 NCUSIF Deposit 504,688
 All Other Assets 2,407,244
  TOTAL ASSETS 63,826,252
LIABILITIES & CAPITAL:  
 Dividends Payable 24,780
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 123,276
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 13,833,662
 Regular shares 25,721,706
 All Other Shares & Deposits 20,581,944
  TOTAL SHARES & DEPOSITS 60,137,312
  TOTAL LIABILITIES 60,285,368
 Regular Reserve 814,624
 Other Reserves 391,157
 Undivided Earnings 2,335,103
  TOTAL EQUITY 3,540,884
  TOTAL LIABILITIES, SHARES, & EQUITY 63,826,252
INCOME & EXPENSE  
 Loan Income 373,383
 Investment Income 81,456
 Other Income 143,097
 Total Employee Compensation & Benefits 220,772
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 398,686
 Non-operating Income & (Expense) -378
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -22,665
 Cost of Funds 52,857
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -44,467
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