Dec, 31, 2023 — NRS COMMUNITY DEVELOPMENT FEDERAL CREDIT UNION is a federal credit union headquartered in BIRMINGHAM, AL with 1 branch location and about $1.46 million in total assets. Opened 28 years ago in 1996, NRS COMMUNITY DEVELOPMENT FEDERAL CREDIT UNION has about 762 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | NRS COMMUNITY DEVELOPMENT FEDERAL CREDIT UNION |
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Address: (Main Office) | 7400 LONDON AVE BIRMINGHAM, AL 35206 |
Phone: | (205) 995-4414 |
Fax: | (205) 833-1966 |
Website: | https://www.starfcu.net |
Branches: | 1 branch locations |
Members: | 762 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24583 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1996 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $1,459,469 |
CEO/Manager: | Brooke A Smedley |
Chairperson: | RONSTEAD CLAUGHTON |
ASSETS: | $ Amount |
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Cash & Equivalents | 434,307 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 24,359 |
Unsecured Loans | 193,002 |
Other Loans | 789,249 |
TOTAL LOANS | 1,006,611 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,797 |
Land And Building | 0 |
Other Fixed Assets | 16 |
NCUSIF Deposit | 12,264 |
All Other Assets | 0 |
TOTAL ASSETS | 1,459,469 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 5,060 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 67,685 |
Regular shares | 851,779 |
All Other Shares & Deposits | 330,902 |
TOTAL SHARES & DEPOSITS | 1,250,366 |
TOTAL LIABILITIES | 1,255,426 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 204,043 |
TOTAL EQUITY | 204,043 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,459,469 |
INCOME & EXPENSE | |
Loan Income | 89,272 |
Investment Income | 955 |
Other Income | 30,248 |
Total Employee Compensation & Benefits | 17,282 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 51,598 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 12,920 |
Cost of Funds | 1,359 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 37,316 |
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» See also Statement of Financial Condition