Dec, 31, 2023 — NAVY ARMY COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in CORPUS CHRISTI, TX with 22 branch locations and about $4.30 billion in total assets. Opened 69 years ago in 1955, NAVY ARMY COMMUNITY CREDIT UNION has about 221,386 members and employs 738 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | NAVY ARMY COMMUNITY CREDIT UNION |
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Address: (Main Office) | 2730 Rodd Field Rd CORPUS CHRISTI, TX 78414-3146 |
Phone: | (361) 986-4500 |
Fax: | (361) 986-8096 |
Website: | https://rallycu.com |
Branches: | 22 branch locations |
Members: | 221,386 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68615 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1955 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $4,302,657,271 |
CEO/Manager: | Dana Sisk |
Chairperson: | John Chapman |
ASSETS: | $ Amount |
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Cash & Equivalents | 485,147,731 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,417,109,762 |
Unsecured Loans | 107,849,896 |
Other Loans | 2,180,125,348 |
TOTAL LOANS | 3,708,064,244 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -57,610,453 |
Land And Building | 63,117,292 |
Other Fixed Assets | 8,040,975 |
NCUSIF Deposit | 30,931,389 |
All Other Assets | 3,916,241 |
TOTAL ASSETS | 4,302,657,271 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 12,625 |
Notes & Interest Payable | 150,000,000 |
Accounts Payable & Other Liabilities | 12,291,672 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 774,805,246 |
Regular shares | 632,169,162 |
All Other Shares & Deposits | 2,169,661,512 |
TOTAL SHARES & DEPOSITS | 3,576,635,918 |
TOTAL LIABILITIES | 3,739,655,182 |
Regular Reserve | 0 |
Other Reserves | -4,064,884 |
Undivided Earnings | 567,066,973 |
TOTAL EQUITY | 563,002,089 |
TOTAL LIABILITIES, SHARES, & EQUITY | 4,302,657,271 |
INCOME & EXPENSE | |
Loan Income | 209,115,673 |
Investment Income | 22,417,564 |
Other Income | 34,514,593 |
Total Employee Compensation & Benefits | 55,598,712 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 65,943,305 |
Non-operating Income & (Expense) | 51,692 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 36,374,803 |
Cost of Funds | 83,719,948 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 53,761,794 |
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