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NORTHEAST COMMUNITY FEDERAL CREDIT UNION

Mar, 31, 2021 — NORTHEAST COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in SAN FRANCISCO, CA with 2 branch locations and about $9.91 million in total assets. Opened 40 years ago in 1981, NORTHEAST COMMUNITY FEDERAL CREDIT UNION has about 1,171 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:NORTHEAST COMMUNITY FEDERAL CREDIT UNION
Address:
(Main Office)
683 CLAY ST
SAN FRANCISCO, CA 94111
Phone:(415) 434-0738
Fax:(415) 434-0715
Website:http://www.necfcu.org
Branches:2 branch locations
Members:1,171
Credit Union Type:Federal Credit Union
Charter Number:23780
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1981
Last Audited:Nov 01, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$9,914,233
CEO/Manager:Lily Lo
Chairperson:MICHAEL CHAN

Call Report

  • Commercial Loans
  • Credit Builder
  • Micro Business Loans
  • Micro Consumer Loans
  • Pay Day Loans
  • Real Estate Loans
  • Refund Anticipation Loans
  • Risk Based Loans
  • Payday Alternative Loans (PAL Loans)
  • Commercial Share Accounts
  • First Time Homebuyer Program
  • Individual Development Accounts

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,423,086
TOTAL INVESTMENTS 2,872,834
Loans Held for Sale 0
 
 Real Estate Loans 2,700,200
 Unsecured Loans 80,742
 Other Loans 68,203
 TOTAL LOANS 2,849,145
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -61,587
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 69,017
 All Other Assets 761,738
  TOTAL ASSETS 9,914,233
LIABILITIES & CAPITAL:  
 Dividends Payable 236
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 6,836
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 193,454
 Regular shares 5,590,983
 All Other Shares & Deposits 2,217,134
  TOTAL SHARES & DEPOSITS 8,001,571
  TOTAL LIABILITIES 8,008,643
 Regular Reserve 88,029
 Other Reserves 280,000
 Undivided Earnings 1,537,561
  TOTAL EQUITY 1,905,590
  TOTAL LIABILITIES, SHARES, & EQUITY 9,914,233
INCOME & EXPENSE  
 Loan Income 40,141
 Investment Income 5,875
 Other Income 693
 Total Employee Compensation & Benefits 67,577
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 43,751
 Non-operating Income & (Expense) 108,393
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 3,941
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 39,833
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