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NORTHROP GRUMMAN FEDERAL CREDIT UNION

Dec, 31, 2020 — NORTHROP GRUMMAN FEDERAL CREDIT UNION is a federal credit union headquartered in Gardena, CA with 25 branch locations and about $1.42 billion in total assets. Opened 75 years ago in 1946, NORTHROP GRUMMAN FEDERAL CREDIT UNION has about 64,610 members and employs 201 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)
Box 47009
Gardena, CA 90247
Phone:(310) 808-4000
Fax:
Website:http://www.ngfcu.us
Branches:25 branch locations
Members:64,610
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, 2019
FHLB Member:Yes
Low Income Designation:No
Assets:$1,422,252,781
CEO/Manager:Matt Herbert
Chairperson:Eric Scholten

Call Report

  • Commercial Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Check Cashing
  • Insurance/Investment Sales
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 86,839,218
TOTAL INVESTMENTS 476,925,269
Loans Held for Sale 14,632,683
 
 Real Estate Loans 496,366,303
 Unsecured Loans 115,340,604
 Other Loans 202,756,483
 TOTAL LOANS 814,463,390
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -5,541,422
 Land And Building 9,015,234
 Other Fixed Assets 2,574,293
 NCUSIF Deposit 10,787,688
 All Other Assets 12,556,428
  TOTAL ASSETS 1,422,252,781
LIABILITIES & CAPITAL:  
 Dividends Payable 9,115
 Notes & Interest Payable 5,221,964
 Accounts Payable & Other Liabilities 12,903,809
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 190,564,237
 Regular shares 329,480,818
 All Other Shares & Deposits 744,014,324
  TOTAL SHARES & DEPOSITS 1,264,059,379
  TOTAL LIABILITIES 1,282,194,267
 Regular Reserve 3,559,687
 Other Reserves 4,415,245
 Undivided Earnings 132,083,582
  TOTAL EQUITY 140,058,514
  TOTAL LIABILITIES, SHARES, & EQUITY 1,422,252,781
INCOME & EXPENSE  
 Loan Income 36,652,018
 Investment Income 6,798,300
 Other Income 12,293,375
 Total Employee Compensation & Benefits 21,131,138
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 16,370,531
 Non-operating Income & (Expense) 70,957
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 3,842,123
 Cost of Funds 10,346,768
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 4,124,090
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