Sep, 30, 2025 — NORTHROP GRUMMAN FEDERAL CREDIT UNION is a federal credit union headquartered in GARDENA, CA with 28 branch locations and about $1.61 billion in total assets. Opened 80 years ago in 1946, NORTHROP GRUMMAN FEDERAL CREDIT UNION has about 81,880 members and employs 246 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NORTHROP GRUMMAN FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 879 W 190th St GARDENA, CA 90248-4220 |
| Phone: | (310) 808-4000 |
| Fax: | |
| Website: | https://www.ngfcu.us |
| Branches: | 28 branch locations |
| Members: | 81,880 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24292 |
|---|---|
| Membership Type: | Multiple common bond - Primarily other manufacturing |
| Corporate Credit Union: | No |
| Year Opened: | 1946 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,608,201,763 |
| CEO/Manager: | Mark Rabinowitz |
| Chairperson: | Diane Corral-Lopez |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 129,458,863 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 27,047,645 |
| Real Estate Loans | 519,838,887 |
| Unsecured Loans | 107,609,072 |
| Other Loans | 204,383,084 |
| TOTAL LOANS | 831,831,043 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -14,709,614 |
| Land And Building | 1,110,140 |
| Other Fixed Assets | 10,144,695 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 12,838,788 |
| All Other Assets | 143,158 |
| TOTAL ASSETS | 1,608,201,763 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,383 |
| Notes & Interest Payable | 25,000,000 |
| Accounts Payable & Other Liabilities | 21,342,176 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 229,989,156 |
| Regular shares | 338,742,543 |
| All Other Shares & Deposits | 879,726,883 |
| TOTAL SHARES & DEPOSITS | 1,448,458,582 |
| TOTAL LIABILITIES | 1,495,039,067 |
| Regular Reserve | 0 |
| Other Reserves | -32,805,288 |
| Undivided Earnings | 145,967,984 |
| TOTAL EQUITY | 113,162,696 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,608,201,763 |
| INCOME & EXPENSE | |
| Loan Income | 40,530,104 |
| Investment Income | 16,076,006 |
| Other Income | 3,340,554 |
| Total Employee Compensation & Benefits | 20,753,743 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 14,772,611 |
| Non-operating Income & (Expense) | -417,207 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,641,105 |
| Cost of Funds | 22,309,236 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,465,809 |
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