Dec, 31, 2023 — NEW LIFE FEDERAL CREDIT UNION is a federal credit union headquartered in PHILADELPHIA, PA with 1 branch location and about $777,241 in total assets. Opened 21 years ago in 2003, NEW LIFE FEDERAL CREDIT UNION has about 548 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | NEW LIFE FEDERAL CREDIT UNION |
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Address: (Main Office) | 1152 N 63rd St PHILADELPHIA, PA 19151-3208 |
Phone: | (215) 477-5000 |
Fax: | (215) 477-5022 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 548 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24853 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 2003 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $777,241 |
CEO/Manager: | Ronald R Sheldon Jr |
Chairperson: | John M Younge |
ASSETS: | $ Amount |
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Cash & Equivalents | 731,068 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 40,322 |
Other Loans | 0 |
TOTAL LOANS | 40,322 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -9,032 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 6,692 |
All Other Assets | 0 |
TOTAL ASSETS | 777,241 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 0 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 617,367 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 617,367 |
TOTAL LIABILITIES | 617,367 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 159,874 |
TOTAL EQUITY | 159,874 |
TOTAL LIABILITIES, SHARES, & EQUITY | 777,241 |
INCOME & EXPENSE | |
Loan Income | 4,090 |
Investment Income | 29,401 |
Other Income | 1,922 |
Total Employee Compensation & Benefits | 0 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 19,406 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -5,777 |
Cost of Funds | 9,915 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 11,869 |
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