Sep, 30, 2025 — N A E FEDERAL CREDIT UNION is a federal credit union headquartered in CHESAPEAKE, VA with 4 branch locations and about $126.05 million in total assets. Opened 61 years ago in 1965, N A E FEDERAL CREDIT UNION has about 11,477 members and employs 40 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | N A E FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 755 BATTLEFIELD BLVD N CHESAPEAKE, VA 23320-5038 |
| Phone: | (757) 410-2000 |
| Fax: | (757) 410-2035 |
| Website: | https://www.naefcu.org |
| Branches: | 4 branch locations |
| Members: | 11,477 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 16706 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1965 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $126,045,672 |
| CEO/Manager: | Paul T Johnson, Jr. |
| Chairperson: | Theodore R Thorbjornsen |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 26,325,034 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 672,761 |
| Unsecured Loans | 4,557,762 |
| Other Loans | 74,244,232 |
| TOTAL LOANS | 79,474,755 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,697,182 |
| Land And Building | 4,190,631 |
| Other Fixed Assets | 211,629 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 934,526 |
| All Other Assets | 0 |
| TOTAL ASSETS | 126,045,672 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 18,607 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,052,333 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 22,504,525 |
| Regular shares | 40,094,644 |
| All Other Shares & Deposits | 39,982,369 |
| TOTAL SHARES & DEPOSITS | 102,581,539 |
| TOTAL LIABILITIES | 105,652,479 |
| Regular Reserve | 0 |
| Other Reserves | 8,012,019 |
| Undivided Earnings | 12,381,174 |
| TOTAL EQUITY | 20,393,193 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 126,045,672 |
| INCOME & EXPENSE | |
| Loan Income | 3,569,118 |
| Investment Income | 1,070,222 |
| Other Income | 525,451 |
| Total Employee Compensation & Benefits | 2,661,149 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,086,012 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 77,000 |
| Cost of Funds | 488,620 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 252,260 |
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