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NORTH CAROLINA PRESS ASSOCIATION FEDERAL CREDIT UNION

Jun, 30, 2023 — NORTH CAROLINA PRESS ASSOCIATION FEDERAL CREDIT UNION is a federal credit union headquartered in RALEIGH, NC with 0 branch location and about $11.39 million in total assets. Opened 39 years ago in 1984, NORTH CAROLINA PRESS ASSOCIATION FEDERAL CREDIT UNION has about 1,386 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:NORTH CAROLINA PRESS ASSOCIATION FEDERAL CREDIT UNION
Address:
(Main Office)
119 N Salisbury St
RALEIGH, NC 27603-1739
Phone:(919) 839-5338
Fax:
Website:https://www.ncpafcu.org
Branches:0 branch locations
Members:1,386
Credit Union Type:Federal Credit Union
Charter Number:24140
Membership Type:Associational - Other than religious or fraternal, or 'low-income'
Corporate Credit Union:No
Year Opened:1984
Last Audited:Jun 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$11,387,724
CEO/Manager:Daniel Morris
Chairperson:Ken Ripley

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,900,921
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 1,070,649
 Unsecured Loans 560,592
 Other Loans 887,379
 TOTAL LOANS 2,518,620
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -81,160
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 103,063
 All Other Assets 0
  TOTAL ASSETS 11,387,724
LIABILITIES & CAPITAL:  
 Dividends Payable 300
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 18,321
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,610,397
 Regular shares 3,921,772
 All Other Shares & Deposits 3,407,368
  TOTAL SHARES & DEPOSITS 9,939,537
  TOTAL LIABILITIES 9,958,158
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 1,429,566
  TOTAL EQUITY 1,429,566
  TOTAL LIABILITIES, SHARES, & EQUITY 11,387,724
INCOME & EXPENSE  
 Loan Income 91,180
 Investment Income 23,415
 Other Income 19,692
 Total Employee Compensation & Benefits 0
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 118,030
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 4,500
 Cost of Funds 20,655
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 85,930
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