Dec, 31, 2022 — 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 53 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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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