Dec, 31, 2020 — CIVIC FEDERAL CREDIT UNION is a federal credit union headquartered in RALEIGH, NC with 0 branch location and about $63.93 million in total assets. Opened 4 years ago in 2017, CIVIC FEDERAL CREDIT UNION has about 1,214 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CIVIC FEDERAL CREDIT UNION |
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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: | 1,214 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24898 |
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Membership Type: | Federal, State, Local Government |
Corporate Credit Union: | No |
Year Opened: | 2017 |
Last Audited: | Jun 01, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $63,932,843 |
CEO/Manager: | Dwayne Naylor |
Chairperson: | Paul Miller |
ASSETS: | $ Amount |
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Cash & Equivalents | 9,990,015 |
TOTAL INVESTMENTS | 109,900 |
Loans Held for Sale | 0 |
Real Estate Loans | 36,405,302 |
Unsecured Loans | 810,366 |
Other Loans | 16,111,567 |
TOTAL LOANS | 53,327,235 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -281,452 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 339,132 |
All Other Assets | 448,013 |
TOTAL ASSETS | 63,932,843 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 6,292 |
Notes & Interest Payable | 3,500,000 |
Accounts Payable & Other Liabilities | 1,077,564 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 47,375,439 |
Regular shares | 1,820,902 |
All Other Shares & Deposits | 4,071,128 |
TOTAL SHARES & DEPOSITS | 53,267,469 |
TOTAL LIABILITIES | 57,851,325 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 6,081,518 |
TOTAL EQUITY | 6,081,518 |
TOTAL LIABILITIES, SHARES, & EQUITY | 63,932,843 |
INCOME & EXPENSE | |
Loan Income | 1,509,872 |
Investment Income | 57,609 |
Other Income | 653,568 |
Total Employee Compensation & Benefits | 0 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 814,059 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 252,652 |
Cost of Funds | 602,362 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 551,976 |
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