Dec, 31, 2023 — ACCLAIM FEDERAL CREDIT UNION is a federal credit union headquartered in GREENSBORO, NC with 1 branch location and about $57.84 million in total assets. Opened 45 years ago in 1979, ACCLAIM FEDERAL CREDIT UNION has about 5,588 members and employs 15 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ACCLAIM FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1823 Banking St GREENSBORO, NC 27408 |
| Phone: | (336) 332-5302 |
| Fax: | (336) 332-4103 |
| Website: | https://www.acclaimfcu.org |
| Branches: | 1 branch locations |
| Members: | 5,588 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 23386 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1979 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $57,837,516 |
| CEO/Manager: | Christie Smith |
| Chairperson: | Bruce Wiley |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,382,656 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 15,101,241 |
| Unsecured Loans | 8,462,397 |
| Other Loans | 19,828,246 |
| TOTAL LOANS | 43,391,885 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -502,282 |
| Land And Building | 970,758 |
| Other Fixed Assets | 438,839 |
| NCUSIF Deposit | 491,651 |
| All Other Assets | 33,578 |
| TOTAL ASSETS | 57,837,516 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 741,701 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 12,633,406 |
| Regular shares | 22,176,625 |
| All Other Shares & Deposits | 16,403,264 |
| TOTAL SHARES & DEPOSITS | 51,213,295 |
| TOTAL LIABILITIES | 51,954,996 |
| Regular Reserve | 0 |
| Other Reserves | -366,768 |
| Undivided Earnings | 6,249,288 |
| TOTAL EQUITY | 5,882,520 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 57,837,516 |
| INCOME & EXPENSE | |
| Loan Income | 2,666,131 |
| Investment Income | 304,860 |
| Other Income | 447,544 |
| Total Employee Compensation & Benefits | 1,316,805 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,230,909 |
| Non-operating Income & (Expense) | -64 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 438,851 |
| Cost of Funds | 452,294 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 488,739 |
| ↑ Back to Top | |