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NMA FEDERAL CREDIT UNION

Dec, 31, 2020 — NMA FEDERAL CREDIT UNION is a federal credit union headquartered in Virginia Beach, VA with 5 branch locations and about $60.76 million in total assets. Opened 61 years ago in 1960, NMA FEDERAL CREDIT UNION has about 7,821 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:7,821
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:$60,756,759
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 5,459,982
TOTAL INVESTMENTS 24,008,534
Loans Held for Sale 0
 
 Real Estate Loans 4,274,629
 Unsecured Loans 3,188,194
 Other Loans 20,778,258
 TOTAL LOANS 28,241,081
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -316,055
 Land And Building 384,644
 Other Fixed Assets 78,632
 NCUSIF Deposit 504,688
 All Other Assets 2,395,253
  TOTAL ASSETS 60,756,759
LIABILITIES & CAPITAL:  
 Dividends Payable 31,005
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 366,137
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 12,081,607
 Regular shares 23,770,563
 All Other Shares & Deposits 20,896,690
  TOTAL SHARES & DEPOSITS 56,748,860
  TOTAL LIABILITIES 57,146,002
 Regular Reserve 814,624
 Other Reserves 416,564
 Undivided Earnings 2,379,569
  TOTAL EQUITY 3,610,757
  TOTAL LIABILITIES, SHARES, & EQUITY 60,756,759
INCOME & EXPENSE  
 Loan Income 1,620,967
 Investment Income 339,045
 Other Income 624,583
 Total Employee Compensation & Benefits 1,104,687
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,522,767
 Non-operating Income & (Expense) 145,782
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 336,236
 Cost of Funds 284,625
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -517,938
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