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National Credit Union Service Organization

N A E FEDERAL CREDIT UNION

Mar, 31, 2021 — N A E FEDERAL CREDIT UNION is a federal credit union headquartered in Chesapeake, VA with 4 branch locations and about $136.72 million in total assets. Opened 56 years ago in 1965, N A E FEDERAL CREDIT UNION has about 15,336 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.


ABA Routing Number: 251480288
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:http://www.naefcu.org
Branches:4 branch locations
Members:15,336
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$136,719,914
CEO/Manager:Palmer L Stillman, Sr.
Chairperson:Theodore R Thorbjornsen

Call Report

  • Commercial Loans
  • Indirect Consumer Loans
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • 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 41,955,462
TOTAL INVESTMENTS 8,934,966
Loans Held for Sale 0
 
 Real Estate Loans 2,150,409
 Unsecured Loans 5,294,109
 Other Loans 70,216,772
 TOTAL LOANS 77,661,290
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -3,428,920
 Land And Building 2,588,357
 Other Fixed Assets 132,370
 NCUSIF Deposit 993,568
 All Other Assets 7,882,821
  TOTAL ASSETS 136,719,914
LIABILITIES & CAPITAL:  
 Dividends Payable 4,155
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,644,870
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 23,563,328
 Regular shares 42,429,192
 All Other Shares & Deposits 50,040,949
  TOTAL SHARES & DEPOSITS 116,033,469
  TOTAL LIABILITIES 118,682,494
 Regular Reserve 4,704,932
 Other Reserves 2,085,494
 Undivided Earnings 11,246,994
  TOTAL EQUITY 18,037,420
  TOTAL LIABILITIES, SHARES, & EQUITY 136,719,914
INCOME & EXPENSE  
 Loan Income 1,134,908
 Investment Income 65,407
 Other Income 191,390
 Total Employee Compensation & Benefits 822,270
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 571,143
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 57,500
 Cost of Funds 73,555
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 28,576
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