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NORTHEAST COMMUNITY FEDERAL CREDIT UNION

Mar, 31, 2022 — NORTHEAST COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in SAN FRANCISCO, CA with 2 branch locations and about $12.55 million in total assets. Opened 41 years ago in 1981, NORTHEAST COMMUNITY FEDERAL CREDIT UNION has about 1,149 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:1,149
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, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$12,552,723
CEO/Manager:Lily Lo
Chairperson:MICHAEL CHAN

Call Report

  • Payday Alternative Loans (PAL Loans)
  • First Time Homebuyer Program

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,625,668
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 2,106,675
 Unsecured Loans 6,401
 Other Loans 123,687
 TOTAL LOANS 2,236,763
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -65,818
 Land And Building 0
 Other Fixed Assets 1,490
 NCUSIF Deposit 76,587
 All Other Assets 0
  TOTAL ASSETS 12,552,723
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 948,465
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 235,744
 Regular shares 6,749,603
 All Other Shares & Deposits 2,663,364
  TOTAL SHARES & DEPOSITS 9,648,711
  TOTAL LIABILITIES 10,597,176
 Regular Reserve 0
 Other Reserves 368,029
 Undivided Earnings 1,587,518
  TOTAL EQUITY 1,955,547
  TOTAL LIABILITIES, SHARES, & EQUITY 12,552,723
INCOME & EXPENSE  
 Loan Income 32,059
 Investment Income 872
 Other Income 492
 Total Employee Compensation & Benefits 68,537
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 46,760
 Non-operating Income & (Expense) 102,800
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 4,903
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 16,023
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