Jun, 30, 2024 — NORTHROP GRUMMAN FEDERAL CREDIT UNION is a federal credit union headquartered in GARDENA, CA with 27 branch locations and about $1.55 billion in total assets. Opened 79 years ago in 1946, NORTHROP GRUMMAN FEDERAL CREDIT UNION has about 69,663 members and employs 225 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: | 27 branch locations |
| Members: | 69,663 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,548,271,168 |
| CEO/Manager: | Matt Herbert |
| Chairperson: | Heather Crofford |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 24,210,658 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 14,692,427 |
| Real Estate Loans | 446,808,749 |
| Unsecured Loans | 103,206,125 |
| Other Loans | 213,691,507 |
| TOTAL LOANS | 763,706,381 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,706,593 |
| Land And Building | 1,110,140 |
| Other Fixed Assets | 7,391,960 |
| NCUSIF Deposit | 13,312,014 |
| All Other Assets | 116,629 |
| TOTAL ASSETS | 1,548,271,168 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 102,677 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 21,146,840 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 243,660,773 |
| Regular shares | 400,111,616 |
| All Other Shares & Deposits | 809,240,993 |
| TOTAL SHARES & DEPOSITS | 1,453,013,382 |
| TOTAL LIABILITIES | 1,474,262,899 |
| Regular Reserve | 0 |
| Other Reserves | -71,966,675 |
| Undivided Earnings | 145,974,944 |
| TOTAL EQUITY | 74,008,269 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,548,271,168 |
| INCOME & EXPENSE | |
| Loan Income | 24,863,984 |
| Investment Income | 11,915,564 |
| Other Income | 2,518,380 |
| Total Employee Compensation & Benefits | 17,841,407 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 13,433,926 |
| Non-operating Income & (Expense) | 2,417,872 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,372,811 |
| Cost of Funds | 7,762,762 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,166,547 |
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