Jun, 30, 2024 — SIGNAL FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in KENSINGTON, MD with 6 branch locations and about $426.23 million in total assets. Opened 78 years ago in 1947, SIGNAL FINANCIAL FEDERAL CREDIT UNION has about 23,402 members and employs 91 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SIGNAL FINANCIAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3015 University Blvd W KENSINGTON, MD 20895-1936 |
| Phone: | (301) 933-9100 |
| Fax: | (301) 949-3766 |
| Website: | https://www.signalfinancialfcu.org |
| Branches: | 6 branch locations |
| Members: | 23,402 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5571 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1947 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $426,231,580 |
| CEO/Manager: | Francois R Verleysen |
| Chairperson: | Andrew Mekelburg |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 25,715,490 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 216,259,229 |
| Unsecured Loans | 62,652,411 |
| Other Loans | 29,282,485 |
| TOTAL LOANS | 308,194,125 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,239,269 |
| Land And Building | 2,216,140 |
| Other Fixed Assets | 6,448,917 |
| NCUSIF Deposit | 3,662,388 |
| All Other Assets | 0 |
| TOTAL ASSETS | 426,231,580 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 7 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 6,039,857 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 110,415,784 |
| Regular shares | 120,267,868 |
| All Other Shares & Deposits | 161,286,438 |
| TOTAL SHARES & DEPOSITS | 391,970,090 |
| TOTAL LIABILITIES | 398,009,954 |
| Regular Reserve | 0 |
| Other Reserves | -11,322,307 |
| Undivided Earnings | 39,543,933 |
| TOTAL EQUITY | 28,221,626 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 426,231,580 |
| INCOME & EXPENSE | |
| Loan Income | 9,870,412 |
| Investment Income | 1,092,988 |
| Other Income | 1,760,304 |
| Total Employee Compensation & Benefits | 6,618,376 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 5,803,357 |
| Non-operating Income & (Expense) | 89,702 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 46,000 |
| Cost of Funds | 1,498,465 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 559,690 |
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