Dec, 31, 2023 — CIVIC FEDERAL CREDIT UNION is a federal credit union headquartered in RALEIGH, NC with 0 branch location and about $119.89 million in total assets. Opened 7 years ago in 2017, CIVIC FEDERAL CREDIT UNION has about 7,162 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CIVIC FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3600 Wake Forest Rd RALEIGH, NC 27609 |
| Phone: | (919) 755-0534 |
| Fax: | (919) 755-0193 |
| Website: | https://www.civicfcu.org |
| Branches: | 0 branch locations |
| Members: | 7,162 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24898 |
|---|---|
| Membership Type: | Federal, State, Local Government |
| Corporate Credit Union: | No |
| Year Opened: | 2017 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $119,890,900 |
| CEO/Manager: | Dwayne Naylor |
| Chairperson: | Jeanne Erwin |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 18,027,122 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 61,356,940 |
| Unsecured Loans | 6,077,368 |
| Other Loans | 33,645,732 |
| TOTAL LOANS | 101,080,040 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,029,734 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 649,574 |
| All Other Assets | 0 |
| TOTAL ASSETS | 119,890,900 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 5,762 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 306,913 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 76,599,774 |
| Regular shares | 5,832,355 |
| All Other Shares & Deposits | 27,747,878 |
| TOTAL SHARES & DEPOSITS | 110,180,007 |
| TOTAL LIABILITIES | 110,492,682 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 9,398,218 |
| TOTAL EQUITY | 9,398,218 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 119,890,900 |
| INCOME & EXPENSE | |
| Loan Income | 4,185,541 |
| Investment Income | 688,021 |
| Other Income | 54,546 |
| Total Employee Compensation & Benefits | 0 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,126,560 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 720,589 |
| Cost of Funds | 2,142,652 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 967,032 |
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