Sep, 30, 2025 — NEWPORT NEWS MUN. EMP CREDIT UNION is a federally insured state chartered credit union headquartered in NEWPORT NEWS, VA with 1 branch location and about $55.64 million in total assets. Opened 76 years ago in 1950, NEWPORT NEWS MUN. EMP CREDIT UNION has about 3,746 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NEWPORT NEWS MUN. EMP CREDIT UNION |
|---|---|
| Address: (Main Office) | 502 Operations Dr NEWPORT NEWS, VA 23602-6989 |
| Phone: | (757) 249-1003 |
| Fax: | (757) 249-1202 |
| Website: | https://www.nnmecu.org |
| Branches: | 1 branch locations |
| Members: | 3,746 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66970 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $55,641,272 |
| CEO/Manager: | Edna F McDuffie |
| Chairperson: | Michael D Poplawski |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,607,433 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 5,320,538 |
| Unsecured Loans | 3,505,967 |
| Other Loans | 16,748,202 |
| TOTAL LOANS | 25,574,707 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -225,965 |
| Land And Building | 206,540 |
| Other Fixed Assets | 75,293 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 464,258 |
| All Other Assets | 7,500 |
| TOTAL ASSETS | 55,641,272 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 265,947 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 13,904,548 |
| Regular shares | 35,497,984 |
| All Other Shares & Deposits | 1,425,940 |
| TOTAL SHARES & DEPOSITS | 50,828,472 |
| TOTAL LIABILITIES | 51,094,419 |
| Regular Reserve | 0 |
| Other Reserves | -558,554 |
| Undivided Earnings | 5,105,407 |
| TOTAL EQUITY | 4,546,853 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 55,641,272 |
| INCOME & EXPENSE | |
| Loan Income | 1,242,938 |
| Investment Income | 565,766 |
| Other Income | 179,009 |
| Total Employee Compensation & Benefits | 473,780 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 782,533 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 114,742 |
| Cost of Funds | 374 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 677,182 |
| ↑ Back to Top | |