Dec, 31, 2021 — NEXTMARK FEDERAL CREDIT UNION is a federal credit union headquartered in FAIRFAX, VA with 4 branch locations and about $514.24 million in total assets. Opened 64 years ago in 1958, NEXTMARK FEDERAL CREDIT UNION has about 16,896 members and employs 63 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NEXTMARK FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 4201 Members Way FAIRFAX, VA 22030 |
| Phone: | (703) 218-9900 |
| Fax: | (703) 591-0252 |
| Website: | http://www.nextmarkcu.org |
| Branches: | 4 branch locations |
| Members: | 16,896 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24658 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1958 |
| Last Audited: | Mar 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $514,243,999 |
| CEO/Manager: | Joseph D Thomas Jr. |
| Chairperson: | Bobbie Deegan |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 39,743,271 |
| TOTAL INVESTMENTS | 95,148,833 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 335,206,717 |
| Unsecured Loans | 8,170,763 |
| Other Loans | 15,113,457 |
| TOTAL LOANS | 358,490,937 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,683,803 |
| Land And Building | 4,315,495 |
| Other Fixed Assets | 414,936 |
| NCUSIF Deposit | 3,546,748 |
| All Other Assets | 16,267,582 |
| TOTAL ASSETS | 514,243,999 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,105 |
| Notes & Interest Payable | 60,379,138 |
| Accounts Payable & Other Liabilities | 1,607,580 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 65,908,678 |
| Regular shares | 122,582,102 |
| All Other Shares & Deposits | 194,052,028 |
| TOTAL SHARES & DEPOSITS | 382,542,808 |
| TOTAL LIABILITIES | 444,530,631 |
| Regular Reserve | 857,083 |
| Other Reserves | -189,422 |
| Undivided Earnings | 69,045,707 |
| TOTAL EQUITY | 69,713,368 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 514,243,999 |
| INCOME & EXPENSE | |
| Loan Income | 15,530,984 |
| Investment Income | 1,177,085 |
| Other Income | 927,784 |
| Total Employee Compensation & Benefits | 6,998,598 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 5,009,414 |
| Non-operating Income & (Expense) | 228,403 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 3,939,490 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,978,742 |
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