Dec, 31, 2023 — N R L FEDERAL CREDIT UNION (NRLFCU) is a federal credit union headquartered in ALEXANDRIA, VA with 3 branch locations and about $557.14 million in total assets. Opened 78 years ago in 1946, N R L FEDERAL CREDIT UNION (NRLFCU) has about 27,674 members and employs 96 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | N R L FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 5440 Cherokee Ave Ste 200 ALEXANDRIA, VA 22312 |
| Phone: | (301) 839-8400 |
| Fax: | (301) 839-8500 |
| Website: | https://www.spectracu.com |
| Branches: | 3 branch locations |
| Members: | 27,674 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5380 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1946 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $557,140,568 |
| CEO/Manager: | Kristin Shultz |
| Chairperson: | Mary Kappus |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 17,356,652 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 187,395,344 |
| Unsecured Loans | 76,679,005 |
| Other Loans | 136,295,112 |
| TOTAL LOANS | 400,369,461 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,885,748 |
| Land And Building | 15,920,549 |
| Other Fixed Assets | 2,977,691 |
| NCUSIF Deposit | 4,558,087 |
| All Other Assets | 206,399 |
| TOTAL ASSETS | 557,140,568 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 103 |
| Notes & Interest Payable | 31,000,000 |
| Accounts Payable & Other Liabilities | 8,508,440 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 106,341,267 |
| Regular shares | 121,789,186 |
| All Other Shares & Deposits | 254,745,864 |
| TOTAL SHARES & DEPOSITS | 482,876,317 |
| TOTAL LIABILITIES | 522,384,860 |
| Regular Reserve | 0 |
| Other Reserves | -15,334,797 |
| Undivided Earnings | 50,090,505 |
| TOTAL EQUITY | 34,755,708 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 557,140,568 |
| INCOME & EXPENSE | |
| Loan Income | 21,454,427 |
| Investment Income | 3,609,598 |
| Other Income | 689,024 |
| Total Employee Compensation & Benefits | 10,864,904 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 9,494,837 |
| Non-operating Income & (Expense) | 576,625 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,896,000 |
| Cost of Funds | 7,242,870 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -3,777,274 |
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