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SUMMIT HAMPTON ROADS FEDERAL CREDIT UNION

Jun, 30, 2021 — SUMMIT HAMPTON ROADS FEDERAL CREDIT UNION is a federal credit union headquartered in Norfolk, VA with 1 branch location and about $10.68 million in total assets. Opened 51 years ago in 1970, SUMMIT HAMPTON ROADS FEDERAL CREDIT UNION has about 1,791 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)
P O Box 9609
Norfolk, VA 23505
Phone:(757) 398-2384
Fax:(757) 398-2684
Website:http://www.shrfcu.com
Branches:1 branch locations
Members:1,791
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:$10,679,314
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 4,729,673
TOTAL INVESTMENTS 1,311,000
Loans Held for Sale 0
 
 Real Estate Loans 197,998
 Unsecured Loans 1,153,489
 Other Loans 3,097,818
 TOTAL LOANS 4,449,305
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -37,653
 Land And Building 0
 Other Fixed Assets 3,790
 NCUSIF Deposit 90,105
 All Other Assets 133,094
  TOTAL ASSETS 10,679,314
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 57,953
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,321,284
 Regular shares 4,820,823
 All Other Shares & Deposits 2,043,213
  TOTAL SHARES & DEPOSITS 9,185,320
  TOTAL LIABILITIES 9,243,273
 Regular Reserve 532,780
 Other Reserves 0
 Undivided Earnings 903,261
  TOTAL EQUITY 1,436,041
  TOTAL LIABILITIES, SHARES, & EQUITY 10,679,314
INCOME & EXPENSE  
 Loan Income 106,498
 Investment Income 23,854
 Other Income 6,197
 Total Employee Compensation & Benefits 142,488
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 165,929
 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 7,129
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -138,007
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