Dec, 31, 2021 — SIGNATURE FEDERAL CREDIT UNION is a federal credit union headquartered in ALEXANDRIA, VA with 1 branch location and about $370.97 million in total assets. Opened 52 years ago in 1970, SIGNATURE FEDERAL CREDIT UNION has about 24,569 members and employs 56 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: | http://www.signaturefcu.org |
| Branches: | 1 branch locations |
| Members: | 24,569 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $370,966,774 |
| CEO/Manager: | Paula Hoelzel |
| Chairperson: | Joseph Gondola |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 24,568,724 |
| TOTAL INVESTMENTS | 42,736,752 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 212,932,974 |
| Unsecured Loans | 38,741,400 |
| Other Loans | 43,242,192 |
| TOTAL LOANS | 294,916,566 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,555,046 |
| Land And Building | 588,412 |
| Other Fixed Assets | 277,967 |
| NCUSIF Deposit | 2,836,141 |
| All Other Assets | 6,597,258 |
| TOTAL ASSETS | 370,966,774 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 301,963 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,850,541 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 50,022,690 |
| Regular shares | 53,456,690 |
| All Other Shares & Deposits | 223,651,289 |
| TOTAL SHARES & DEPOSITS | 327,130,669 |
| TOTAL LIABILITIES | 330,283,173 |
| Regular Reserve | 3,768,665 |
| Other Reserves | -748,848 |
| Undivided Earnings | 37,663,784 |
| TOTAL EQUITY | 40,683,601 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 370,966,774 |
| INCOME & EXPENSE | |
| Loan Income | 13,053,887 |
| Investment Income | 470,677 |
| Other Income | 563,275 |
| Total Employee Compensation & Benefits | 6,061,874 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,460,368 |
| Non-operating Income & (Expense) | -43 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 806,110 |
| Cost of Funds | 3,473,120 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 895,843 |
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