Dec, 31, 2023 — ACCLAIM FEDERAL CREDIT UNION is a federal credit union headquartered in GREENSBORO, NC with 1 branch location and about $57.84 million in total assets. Opened 45 years ago in 1979, ACCLAIM FEDERAL CREDIT UNION has about 5,588 members and employs 15 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 |
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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: | 5,588 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 23386 |
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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, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $57,837,516 |
CEO/Manager: | Christie Smith |
Chairperson: | Bruce Wiley |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,382,656 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 15,101,241 |
Unsecured Loans | 8,462,397 |
Other Loans | 19,828,246 |
TOTAL LOANS | 43,391,885 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -502,282 |
Land And Building | 970,758 |
Other Fixed Assets | 438,839 |
NCUSIF Deposit | 491,651 |
All Other Assets | 33,578 |
TOTAL ASSETS | 57,837,516 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 741,701 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 12,633,406 |
Regular shares | 22,176,625 |
All Other Shares & Deposits | 16,403,264 |
TOTAL SHARES & DEPOSITS | 51,213,295 |
TOTAL LIABILITIES | 51,954,996 |
Regular Reserve | 0 |
Other Reserves | -366,768 |
Undivided Earnings | 6,249,288 |
TOTAL EQUITY | 5,882,520 |
TOTAL LIABILITIES, SHARES, & EQUITY | 57,837,516 |
INCOME & EXPENSE | |
Loan Income | 2,666,131 |
Investment Income | 304,860 |
Other Income | 447,544 |
Total Employee Compensation & Benefits | 1,316,805 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,230,909 |
Non-operating Income & (Expense) | -64 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 438,851 |
Cost of Funds | 452,294 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 488,739 |
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» See also Statement of Financial Condition