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SUMMIT HAMPTON ROADS FEDERAL CREDIT UNION

Dec, 31, 2021 — SUMMIT HAMPTON ROADS FEDERAL CREDIT UNION is a federal credit union headquartered in PORTSMOUTH, VA with 1 branch location and about $10.32 million in total assets. Opened 52 years ago in 1970, SUMMIT HAMPTON ROADS FEDERAL CREDIT UNION has about 1,591 members and employs 4 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: 251481478
Name:SUMMIT HAMPTON ROADS FEDERAL CREDIT UNION
Address:
(Main Office)
3636 High St
PORTSMOUTH, VA 23707
Phone:(757) 398-2384
Fax:(757) 398-2684
Website:http://www.shrfcu.com
Branches:1 branch locations
Members:1,591
Credit Union Type:Federal Credit Union
Charter Number:19973
Membership Type:Multiple common bond - Primarily health care
Corporate Credit Union:No
Year Opened:1970
Last Audited:Jan 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$10,320,749
CEO/Manager:Shwante Snead
Chairperson:Donna Davis

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,405,588
TOTAL INVESTMENTS 2,514,512
Loans Held for Sale 0
 
 Real Estate Loans 194,150
 Unsecured Loans 1,141,195
 Other Loans 2,904,635
 TOTAL LOANS 4,239,980
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -72,472
 Land And Building 0
 Other Fixed Assets 3,411
 NCUSIF Deposit 90,105
 All Other Assets 139,625
  TOTAL ASSETS 10,320,749
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 104,868
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,004,116
 Regular shares 4,822,976
 All Other Shares & Deposits 2,006,671
  TOTAL SHARES & DEPOSITS 8,833,763
  TOTAL LIABILITIES 8,938,631
 Regular Reserve 532,780
 Other Reserves 0
 Undivided Earnings 849,338
  TOTAL EQUITY 1,382,118
  TOTAL LIABILITIES, SHARES, & EQUITY 10,320,749
INCOME & EXPENSE  
 Loan Income 207,360
 Investment Income 46,416
 Other Income 12,242
 Total Employee Compensation & Benefits 263,539
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 298,174
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 37,000
 Cost of Funds 13,843
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -191,929
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