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NORTH CAROLINA PRESS ASSOCIATION FEDERAL CREDIT UNION

Dec, 31, 2023 — NORTH CAROLINA PRESS ASSOCIATION FEDERAL CREDIT UNION is a federal credit union headquartered in RALEIGH, NC with 0 branch location and about $9.59 million in total assets. Opened 40 years ago in 1984, NORTH CAROLINA PRESS ASSOCIATION FEDERAL CREDIT UNION has about 1,337 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:1,337
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, 2023
FHLB Member:No
Low Income Designation:No
Assets:$9,585,125
CEO/Manager:Daniel Morris
Chairperson:Cathy Wallace

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 640,072
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 929,339
 Unsecured Loans 595,349
 Other Loans 844,757
 TOTAL LOANS 2,369,445
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -82,268
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 96,975
 All Other Assets 0
  TOTAL ASSETS 9,585,125
LIABILITIES & CAPITAL:  
 Dividends Payable 2,102
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 18,355
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,454,673
 Regular shares 2,958,258
 All Other Shares & Deposits 2,520,025
  TOTAL SHARES & DEPOSITS 7,932,956
  TOTAL LIABILITIES 7,953,413
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 1,631,712
  TOTAL EQUITY 1,631,712
  TOTAL LIABILITIES, SHARES, & EQUITY 9,585,125
INCOME & EXPENSE  
 Loan Income 142,736
 Investment Income 192,223
 Other Income 28,170
 Total Employee Compensation & Benefits 0
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 177,415
 Non-operating Income & (Expense) 1,982
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 58,000
 Cost of Funds 47,251
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 177,512
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