Jun, 30, 2024 — NORTHEAST COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in SAN FRANCISCO, CA with 2 branch locations and about $16.98 million in total assets. Opened 44 years ago in 1981, NORTHEAST COMMUNITY FEDERAL CREDIT UNION has about 1,122 members and employs 7 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: | https://www.necfcu.org |
| Branches: | 2 branch locations |
| Members: | 1,122 |
| 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: | $16,979,708 |
| CEO/Manager: | Lily Lo |
| Chairperson: | MICHAEL CHAN |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,978,227 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,889,769 |
| Unsecured Loans | 17,996 |
| Other Loans | 83,740 |
| TOTAL LOANS | 1,991,505 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -67,646 |
| Land And Building | 0 |
| Other Fixed Assets | 200 |
| NCUSIF Deposit | 81,879 |
| All Other Assets | 0 |
| TOTAL ASSETS | 16,979,708 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,207,613 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 1,650,000 |
| Share Drafts | 270,389 |
| Regular shares | 5,831,047 |
| All Other Shares & Deposits | 3,011,427 |
| TOTAL SHARES & DEPOSITS | 9,112,863 |
| TOTAL LIABILITIES | 13,970,476 |
| Regular Reserve | 0 |
| Other Reserves | 1,122,429 |
| Undivided Earnings | 1,886,803 |
| TOTAL EQUITY | 3,009,232 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 16,979,708 |
| INCOME & EXPENSE | |
| Loan Income | 90,695 |
| Investment Income | 29,189 |
| Other Income | 7,792 |
| Total Employee Compensation & Benefits | 206,749 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 188,280 |
| Non-operating Income & (Expense) | 607,745 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 25,084 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 315,308 |
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