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NORTH CAROLINA PRESS ASSOCIATION FEDERAL CREDIT UNION

Mar, 31, 2022 — NORTH CAROLINA PRESS ASSOCIATION FEDERAL CREDIT UNION is a federal credit union headquartered in RALEIGH, NC with 0 branch location and about $12.69 million in total assets. Opened 38 years ago in 1984, NORTH CAROLINA PRESS ASSOCIATION FEDERAL CREDIT UNION has about 1,393 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:1,393
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:$12,691,910
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 3,305,927
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 1,097,603
 Unsecured Loans 476,351
 Other Loans 880,093
 TOTAL LOANS 2,454,047
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -109,229
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 92,900
 All Other Assets 0
  TOTAL ASSETS 12,691,910
LIABILITIES & CAPITAL:  
 Dividends Payable 645
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 15,790
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,740,201
 Regular shares 4,366,490
 All Other Shares & Deposits 4,200,719
  TOTAL SHARES & DEPOSITS 11,307,410
  TOTAL LIABILITIES 11,323,845
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 1,368,065
  TOTAL EQUITY 1,368,065
  TOTAL LIABILITIES, SHARES, & EQUITY 12,691,910
INCOME & EXPENSE  
 Loan Income 29,008
 Investment Income 7,385
 Other Income 6,778
 Total Employee Compensation & Benefits 0
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 39,613
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,500
 Cost of Funds 7,288
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 24,430
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