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NORTH CAROLINA PRESS ASSOCIATION FEDERAL CREDIT UNION

Dec, 31, 2021 — NORTH CAROLINA PRESS ASSOCIATION FEDERAL CREDIT UNION is a federal credit union headquartered in RALEIGH, NC with 0 branch location and about $12.17 million in total assets. Opened 38 years ago in 1984, NORTH CAROLINA PRESS ASSOCIATION FEDERAL CREDIT UNION has about 1,398 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:http://www.ncpafcu.org
Branches:0 branch locations
Members:1,398
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$12,171,636
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 3,281,881
TOTAL INVESTMENTS 6,538,835
Loans Held for Sale 0
 
 Real Estate Loans 1,085,959
 Unsecured Loans 464,360
 Other Loans 817,160
 TOTAL LOANS 2,367,479
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -120,784
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 92,899
 All Other Assets 11,326
  TOTAL ASSETS 12,171,636
LIABILITIES & CAPITAL:  
 Dividends Payable 521
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 11,705
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,877,699
 Regular shares 3,314,117
 All Other Shares & Deposits 4,623,959
  TOTAL SHARES & DEPOSITS 10,815,775
  TOTAL LIABILITIES 10,828,001
 Regular Reserve 100,000
 Other Reserves 0
 Undivided Earnings 1,243,635
  TOTAL EQUITY 1,343,635
  TOTAL LIABILITIES, SHARES, & EQUITY 12,171,636
INCOME & EXPENSE  
 Loan Income 107,484
 Investment Income 33,987
 Other Income 24,767
 Total Employee Compensation & Benefits 0
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 149,177
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 33,000
 Cost of Funds 32,836
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 82,588
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