Dec, 31, 2022 — ACCLAIM FEDERAL CREDIT UNION is a federal credit union headquartered in GREENSBORO, NC with 1 branch location and about $60.18 million in total assets. Opened 44 years ago in 1979, ACCLAIM FEDERAL CREDIT UNION has about 5,920 members and employs 16 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: | 5,920 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 23386 |
|---|---|
| Membership Type: | Multiple common bond - Primarily other manufacturing |
| Corporate Credit Union: | No |
| Year Opened: | 1979 |
| Last Audited: | Jun 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $60,178,530 |
| CEO/Manager: | Valerie M Marsh |
| Chairperson: | Bruce Wiley |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,210,314 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 13,000,155 |
| Unsecured Loans | 11,080,375 |
| Other Loans | 21,340,272 |
| TOTAL LOANS | 45,420,802 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -446,181 |
| Land And Building | 997,086 |
| Other Fixed Assets | 413,884 |
| NCUSIF Deposit | 476,132 |
| All Other Assets | 67,751 |
| TOTAL ASSETS | 60,178,530 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 16,845 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 486,168 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 12,870,436 |
| Regular shares | 28,221,338 |
| All Other Shares & Deposits | 13,445,002 |
| TOTAL SHARES & DEPOSITS | 54,536,776 |
| TOTAL LIABILITIES | 55,039,789 |
| Regular Reserve | 0 |
| Other Reserves | -494,851 |
| Undivided Earnings | 5,633,592 |
| TOTAL EQUITY | 5,138,741 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 60,178,530 |
| INCOME & EXPENSE | |
| Loan Income | 1,737,288 |
| Investment Income | 112,058 |
| Other Income | 369,872 |
| Total Employee Compensation & Benefits | 970,142 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 913,842 |
| Non-operating Income & (Expense) | -1,517 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 168,490 |
| Cost of Funds | 61,078 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 585,519 |
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