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N A E FEDERAL CREDIT UNION

Sep, 30, 2022 — N A E FEDERAL CREDIT UNION is a federal credit union headquartered in CHESAPEAKE, VA with 4 branch locations and about $136.27 million in total assets. Opened 58 years ago in 1965, N A E FEDERAL CREDIT UNION has about 13,498 members and employs 39 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:https://www.naefcu.org
Branches:4 branch locations
Members:13,498
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, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$136,265,725
CEO/Manager:Palmer L Stillman, Sr.
Chairperson:Theodore R Thorbjornsen

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 25,601,424
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 1,462,216
 Unsecured Loans 5,897,762
 Other Loans 84,456,917
 TOTAL LOANS 91,816,895
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -3,736,614
 Land And Building 2,388,930
 Other Fixed Assets 107,741
 NCUSIF Deposit 994,390
 All Other Assets 0
  TOTAL ASSETS 136,265,725
LIABILITIES & CAPITAL:  
 Dividends Payable 2,284
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 3,348,805
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 24,080,453
 Regular shares 44,694,758
 All Other Shares & Deposits 45,211,944
  TOTAL SHARES & DEPOSITS 113,987,155
  TOTAL LIABILITIES 117,338,244
 Regular Reserve 0
 Other Reserves 7,400,212
 Undivided Earnings 11,527,269
  TOTAL EQUITY 18,927,481
  TOTAL LIABILITIES, SHARES, & EQUITY 136,265,725
INCOME & EXPENSE  
 Loan Income 3,035,243
 Investment Income 383,758
 Other Income 668,380
 Total Employee Compensation & Benefits 2,451,235
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,913,467
 Non-operating Income & (Expense) 237,882
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 193,570
 Cost of Funds 102,339
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 148,021
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