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.
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 |
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 |
↑ Back to Top |