Sep, 30, 2025 — NORTHEAST COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in SAN FRANCISCO, CA with 2 branch locations and about $15.33 million in total assets. Opened 45 years ago in 1981, NORTHEAST COMMUNITY FEDERAL CREDIT UNION has about 998 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) | 127 WAVERLY PL SAN FRANCISCO, CA 94108-1610 |
| Phone: | (415) 434-0738 |
| Fax: | (415) 434-0715 |
| Website: | https://www.necfcu.org |
| Branches: | 2 branch locations |
| Members: | 998 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 23780 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1981 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $15,331,085 |
| CEO/Manager: | Lily Lo |
| Chairperson: | MICHAEL CHAN |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,762,475 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,298,181 |
| Unsecured Loans | 177,831 |
| Other Loans | 910,156 |
| TOTAL LOANS | 4,386,168 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -64,682 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 90,883 |
| All Other Assets | 0 |
| TOTAL ASSETS | 15,331,085 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 8,563 |
| Notes & Interest Payable | 60,000 |
| Accounts Payable & Other Liabilities | 343,828 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 1,590,000 |
| Share Drafts | 533,669 |
| Regular shares | 5,790,667 |
| All Other Shares & Deposits | 3,662,343 |
| TOTAL SHARES & DEPOSITS | 9,986,679 |
| TOTAL LIABILITIES | 11,989,070 |
| Regular Reserve | 0 |
| Other Reserves | 280,000 |
| Undivided Earnings | 3,062,015 |
| TOTAL EQUITY | 3,342,015 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 15,331,085 |
| INCOME & EXPENSE | |
| Loan Income | 199,327 |
| Investment Income | 332,956 |
| Other Income | 5,975 |
| Total Employee Compensation & Benefits | 298,583 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 343,460 |
| Non-operating Income & (Expense) | 376,248 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 115,889 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 156,574 |
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