Dec, 31, 2022 — N R L FEDERAL CREDIT UNION (NRLFCU) is a federal credit union headquartered in ALEXANDRIA, VA with 3 branch locations and about $588.07 million in total assets. Opened 77 years ago in 1946, N R L FEDERAL CREDIT UNION (NRLFCU) has about 26,562 members and employs 101 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: | 26,562 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $588,072,728 |
| CEO/Manager: | Kristin Shultz |
| Chairperson: | Mary Kappus |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 22,063,756 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 50,388 |
| Real Estate Loans | 196,682,929 |
| Unsecured Loans | 88,884,032 |
| Other Loans | 136,982,567 |
| TOTAL LOANS | 422,549,528 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,657,562 |
| Land And Building | 16,439,514 |
| Other Fixed Assets | 2,774,212 |
| NCUSIF Deposit | 4,472,482 |
| All Other Assets | 183,600 |
| TOTAL ASSETS | 588,072,728 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 60,456 |
| Notes & Interest Payable | 53,350,000 |
| Accounts Payable & Other Liabilities | 8,394,851 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 111,115,164 |
| Regular shares | 139,359,401 |
| All Other Shares & Deposits | 237,956,741 |
| TOTAL SHARES & DEPOSITS | 488,431,306 |
| TOTAL LIABILITIES | 550,236,613 |
| Regular Reserve | 0 |
| Other Reserves | -10,643,368 |
| Undivided Earnings | 48,479,483 |
| TOTAL EQUITY | 37,836,115 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 588,072,728 |
| INCOME & EXPENSE | |
| Loan Income | 11,668,629 |
| Investment Income | 1,722,246 |
| Other Income | 454,507 |
| Total Employee Compensation & Benefits | 7,158,662 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 6,961,534 |
| Non-operating Income & (Expense) | 3,000 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,045,966 |
| Cost of Funds | 1,286,187 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -1,210,753 |
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