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NORTHEAST COMMUNITY FEDERAL CREDIT UNION

Jun, 30, 2021 — NORTHEAST COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in SAN FRANCISCO, CA with 2 branch locations and about $10.06 million in total assets. Opened 40 years ago in 1981, NORTHEAST COMMUNITY FEDERAL CREDIT UNION has about 1,173 members and employs 5 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:1,173
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:$10,064,607
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 1,658,230
TOTAL INVESTMENTS 2,873,624
Loans Held for Sale 0
 
 Real Estate Loans 2,609,448
 Unsecured Loans 8,816
 Other Loans 143,706
 TOTAL LOANS 2,761,970
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -57,369
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 69,018
 All Other Assets 2,759,134
  TOTAL ASSETS 10,064,607
LIABILITIES & CAPITAL:  
 Dividends Payable 306
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 3,912
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 193,610
 Regular shares 5,746,595
 All Other Shares & Deposits 2,215,778
  TOTAL SHARES & DEPOSITS 8,155,983
  TOTAL LIABILITIES 8,160,201
 Regular Reserve 88,029
 Other Reserves 280,000
 Undivided Earnings 1,536,377
  TOTAL EQUITY 1,904,406
  TOTAL LIABILITIES, SHARES, & EQUITY 10,064,607
INCOME & EXPENSE  
 Loan Income 77,871
 Investment Income 6,780
 Other Income 1,256
 Total Employee Compensation & Benefits 134,458
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 105,302
 Non-operating Income & (Expense) 199,613
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 7,110
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 38,650
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