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SUMMIT HAMPTON ROADS FEDERAL CREDIT UNION

Mar, 31, 2022 — SUMMIT HAMPTON ROADS FEDERAL CREDIT UNION is a federal credit union headquartered in PORTSMOUTH, VA with 1 branch location and about $10.45 million in total assets. Opened 52 years ago in 1970, SUMMIT HAMPTON ROADS FEDERAL CREDIT UNION has about 1,538 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:1,538
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:$10,446,875
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 2,466,278
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 191,276
 Unsecured Loans 1,129,614
 Other Loans 2,776,231
 TOTAL LOANS 4,097,121
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -70,509
 Land And Building 0
 Other Fixed Assets 3,222
 NCUSIF Deposit 87,673
 All Other Assets 0
  TOTAL ASSETS 10,446,875
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 99,585
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,095,493
 Regular shares 4,885,457
 All Other Shares & Deposits 2,019,435
  TOTAL SHARES & DEPOSITS 9,000,385
  TOTAL LIABILITIES 9,099,970
 Regular Reserve 0
 Other Reserves 532,780
 Undivided Earnings 814,125
  TOTAL EQUITY 1,346,905
  TOTAL LIABILITIES, SHARES, & EQUITY 10,446,875
INCOME & EXPENSE  
 Loan Income 48,545
 Investment Income 14,174
 Other Income 2,002
 Total Employee Compensation & Benefits 63,516
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 68,487
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 3,410
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -35,213
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