Jun, 30, 2024 — SIGNATURE FEDERAL CREDIT UNION is a federal credit union headquartered in ALEXANDRIA, VA with 1 branch location and about $365.62 million in total assets. Opened 55 years ago in 1970, SIGNATURE FEDERAL CREDIT UNION has about 25,060 members and employs 58 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 |
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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: | 25,060 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 20061 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1970 |
Last Audited: | Mar 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $365,620,079 |
CEO/Manager: | Paula Hoelzel |
Chairperson: | Joseph Gondola |
ASSETS: | $ Amount |
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Cash & Equivalents | 9,373,214 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 231,703,818 |
Unsecured Loans | 38,444,336 |
Other Loans | 50,559,096 |
TOTAL LOANS | 320,707,250 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,360,196 |
Land And Building | 577,232 |
Other Fixed Assets | 316,265 |
NCUSIF Deposit | 2,800,519 |
All Other Assets | 0 |
TOTAL ASSETS | 365,620,079 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 317,263 |
Notes & Interest Payable | 20,000,000 |
Accounts Payable & Other Liabilities | 3,651,375 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 49,793,324 |
Regular shares | 53,605,805 |
All Other Shares & Deposits | 199,770,716 |
TOTAL SHARES & DEPOSITS | 303,169,845 |
TOTAL LIABILITIES | 327,138,483 |
Regular Reserve | 0 |
Other Reserves | 1,122,957 |
Undivided Earnings | 37,358,639 |
TOTAL EQUITY | 38,481,596 |
TOTAL LIABILITIES, SHARES, & EQUITY | 365,620,079 |
INCOME & EXPENSE | |
Loan Income | 10,394,049 |
Investment Income | 342,400 |
Other Income | 406,364 |
Total Employee Compensation & Benefits | 4,725,917 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,697,740 |
Non-operating Income & (Expense) | 39,083 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 586,544 |
Cost of Funds | 2,515,149 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -287,918 |
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