Dec, 31, 2021 — CIVIC FEDERAL CREDIT UNION is a federal credit union headquartered in RALEIGH, NC with 0 branch location and about $88.74 million in total assets. Opened 5 years ago in 2017, CIVIC FEDERAL CREDIT UNION has about 2,398 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: | 2,398 |
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: | Dec 01, 2020 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $88,737,699 |
CEO/Manager: | Dwayne Naylor |
Chairperson: | Paul Miller |
ASSETS: | $ Amount |
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Cash & Equivalents | 11,082,345 |
TOTAL INVESTMENTS | 95,800 |
Loans Held for Sale | 0 |
Real Estate Loans | 48,442,573 |
Unsecured Loans | 2,224,147 |
Other Loans | 25,571,936 |
TOTAL LOANS | 76,238,656 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -316,580 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 483,570 |
All Other Assets | 1,153,908 |
TOTAL ASSETS | 88,737,699 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 3,621 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 589,737 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 69,160,636 |
Regular shares | 2,933,291 |
All Other Shares & Deposits | 8,765,290 |
TOTAL SHARES & DEPOSITS | 80,859,217 |
TOTAL LIABILITIES | 81,452,575 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 7,285,124 |
TOTAL EQUITY | 7,285,124 |
TOTAL LIABILITIES, SHARES, & EQUITY | 88,737,699 |
INCOME & EXPENSE | |
Loan Income | 1,949,301 |
Investment Income | 26,118 |
Other Income | 18,336 |
Total Employee Compensation & Benefits | 0 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 985,426 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 66,000 |
Cost of Funds | 444,225 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,203,606 |
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