Dec, 31, 2023 — N A E FEDERAL CREDIT UNION is a federal credit union headquartered in CHESAPEAKE, VA with 4 branch locations and about $128.44 million in total assets. Opened 59 years ago in 1965, N A E FEDERAL CREDIT UNION has about 12,703 members and employs 44 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 |
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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: | 12,703 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 16706 |
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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, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $128,443,735 |
CEO/Manager: | Palmer L Stillman, Sr. |
Chairperson: | Roger Emory |
ASSETS: | $ Amount |
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Cash & Equivalents | 15,743,973 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,045,989 |
Unsecured Loans | 5,486,004 |
Other Loans | 86,535,164 |
TOTAL LOANS | 93,067,157 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,994,941 |
Land And Building | 3,349,055 |
Other Fixed Assets | 168,470 |
NCUSIF Deposit | 1,021,414 |
All Other Assets | 0 |
TOTAL ASSETS | 128,443,735 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 23,563 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 3,017,239 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 23,549,509 |
Regular shares | 40,275,590 |
All Other Shares & Deposits | 42,348,174 |
TOTAL SHARES & DEPOSITS | 106,173,273 |
TOTAL LIABILITIES | 109,214,075 |
Regular Reserve | 0 |
Other Reserves | 7,420,642 |
Undivided Earnings | 11,809,018 |
TOTAL EQUITY | 19,229,660 |
TOTAL LIABILITIES, SHARES, & EQUITY | 128,443,735 |
INCOME & EXPENSE | |
Loan Income | 4,903,613 |
Investment Income | 1,134,950 |
Other Income | 818,420 |
Total Employee Compensation & Benefits | 3,569,483 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,958,375 |
Non-operating Income & (Expense) | -206 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 220,000 |
Cost of Funds | 477,899 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 228,178 |
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» See also Statement of Financial Condition