Dec, 31, 2023 — SIGNATURE FEDERAL CREDIT UNION is a federal credit union headquartered in ALEXANDRIA, VA with 1 branch location and about $451.42 million in total assets. Opened 54 years ago in 1970, SIGNATURE FEDERAL CREDIT UNION has about 26,352 members and employs 63 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SIGNATURE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 12 HERBERT ST ALEXANDRIA, VA 22305 |
| Phone: | (800) 336-0284 |
| Fax: | (703) 683-1573 |
| Website: | https://www.signaturefcu.org |
| Branches: | 1 branch locations |
| Members: | 26,352 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 20061 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1970 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $451,417,282 |
| CEO/Manager: | Paula Hoelzel |
| Chairperson: | TED CARRICO |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 42,829,185 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 274,557,273 |
| Unsecured Loans | 39,919,091 |
| Other Loans | 47,855,338 |
| TOTAL LOANS | 362,331,702 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,621,165 |
| Land And Building | 853,014 |
| Other Fixed Assets | 527,181 |
| NCUSIF Deposit | 3,070,688 |
| All Other Assets | 277,878 |
| TOTAL ASSETS | 451,417,282 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 761,075 |
| Notes & Interest Payable | 35,000,000 |
| Accounts Payable & Other Liabilities | 2,688,819 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 44,666,259 |
| Regular shares | 43,955,317 |
| All Other Shares & Deposits | 284,414,764 |
| TOTAL SHARES & DEPOSITS | 373,036,340 |
| TOTAL LIABILITIES | 411,486,234 |
| Regular Reserve | 0 |
| Other Reserves | 2,083,051 |
| Undivided Earnings | 37,847,997 |
| TOTAL EQUITY | 39,931,048 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 451,417,282 |
| INCOME & EXPENSE | |
| Loan Income | 19,821,735 |
| Investment Income | 1,379,076 |
| Other Income | 608,832 |
| Total Employee Compensation & Benefits | 6,504,570 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 5,999,384 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,109,178 |
| Cost of Funds | 9,621,178 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 851,687 |
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