Dec, 31, 2023 — NONE SUFFER LACK FEDERAL CREDIT UNION is a federal credit union headquartered in SUITLAND, MD with 1 branch location and about $24.02 million in total assets. Opened 23 years ago in 2001, NONE SUFFER LACK FEDERAL CREDIT UNION has about 2,037 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NONE SUFFER LACK FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 4929 Allentown Rd SUITLAND, MD 20746-3934 |
| Phone: | (301) 899-0300 |
| Fax: | (301) 899-0305 |
| Website: | https://www.nslfcu.org |
| Branches: | 1 branch locations |
| Members: | 2,037 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24657 |
|---|---|
| Membership Type: | Associational - Religious, other than those designated 'low-income' |
| Corporate Credit Union: | No |
| Year Opened: | 2001 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $24,018,146 |
| CEO/Manager: | Toni Hopkins |
| Chairperson: | Marvin Cherry |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,096,945 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 500,614 |
| Unsecured Loans | 311,687 |
| Other Loans | 1,371,053 |
| TOTAL LOANS | 2,183,355 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -8,063 |
| Land And Building | 0 |
| Other Fixed Assets | 10,256 |
| NCUSIF Deposit | 212,702 |
| All Other Assets | 0 |
| TOTAL ASSETS | 24,018,146 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 123 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,114,634 |
| Regular shares | 17,588,374 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 19,703,008 |
| TOTAL LIABILITIES | 19,703,131 |
| Regular Reserve | 0 |
| Other Reserves | 7,000 |
| Undivided Earnings | 4,308,015 |
| TOTAL EQUITY | 4,315,015 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 24,018,146 |
| INCOME & EXPENSE | |
| Loan Income | 111,827 |
| Investment Income | 380,249 |
| Other Income | 59,481 |
| Total Employee Compensation & Benefits | 166,298 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 274,029 |
| Non-operating Income & (Expense) | 226,766 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -8,906 |
| Cost of Funds | 47,721 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 307,477 |
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