Sep, 30, 2025 — ACCLAIM FEDERAL CREDIT UNION is a federal credit union headquartered in GREENSBORO, NC with 1 branch location and about $57.37 million in total assets. Opened 47 years ago in 1979, ACCLAIM FEDERAL CREDIT UNION has about 5,029 members and employs 17 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ACCLAIM FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1823 Banking St GREENSBORO, NC 27408 |
| Phone: | (336) 332-5302 |
| Fax: | (336) 332-4103 |
| Website: | https://www.acclaimfcu.org |
| Branches: | 1 branch locations |
| Members: | 5,029 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 23386 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1979 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $57,370,789 |
| CEO/Manager: | Christie Smith |
| Chairperson: | Thomas G Riggins Jr |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,400,764 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 16,260,473 |
| Unsecured Loans | 6,483,296 |
| Other Loans | 16,574,391 |
| TOTAL LOANS | 39,318,160 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -343,104 |
| Land And Building | 933,899 |
| Other Fixed Assets | 402,580 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 493,176 |
| All Other Assets | 95,182 |
| TOTAL ASSETS | 57,370,789 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 425,308 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 10,368,261 |
| Regular shares | 19,479,272 |
| All Other Shares & Deposits | 19,808,800 |
| TOTAL SHARES & DEPOSITS | 49,656,333 |
| TOTAL LIABILITIES | 50,081,641 |
| Regular Reserve | 0 |
| Other Reserves | -153,027 |
| Undivided Earnings | 7,442,175 |
| TOTAL EQUITY | 7,289,148 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 57,370,789 |
| INCOME & EXPENSE | |
| Loan Income | 2,202,247 |
| Investment Income | 403,865 |
| Other Income | 309,027 |
| Total Employee Compensation & Benefits | 964,078 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 955,675 |
| Non-operating Income & (Expense) | -2,138 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 324,653 |
| Cost of Funds | 577,901 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 498,483 |
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