Credit Unions Near Me
National Credit Union Service Organization

NMA FEDERAL CREDIT UNION

Dec, 31, 2023 — NMA FEDERAL CREDIT UNION is a federal credit union headquartered in Virginia Beach, VA with 5 branch locations and about $63.52 million in total assets. Opened 64 years ago in 1960, NMA FEDERAL CREDIT UNION has about 7,744 members and employs 20 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:NMA FEDERAL CREDIT UNION
Address:
(Main Office)
4920 Haygood Rd
Virginia Beach, VA 23455
Phone:(757) 497-4500
Fax:(757) 497-5346
Website:https://www.nmafcu.com
Branches:5 branch locations
Members:7,744
Credit Union Type:Federal Credit Union
Charter Number:13491
Membership Type:Multiple common bond - Primarily military
Corporate Credit Union:No
Year Opened:1960
Last Audited:Mar 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$63,523,177
CEO/Manager:Michael R Coleman
Chairperson:Betty Hrubes

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 21,645,218
TOTAL INVESTMENTS 9,905,223
Loans Held for Sale 0
 
 Real Estate Loans 3,660,516
 Unsecured Loans 2,778,619
 Other Loans 22,071,633
 TOTAL LOANS 28,510,768
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -276,383
 Land And Building 354,644
 Other Fixed Assets 70,724
 NCUSIF Deposit 549,250
 All Other Assets 2,763,733
  TOTAL ASSETS 63,523,177
LIABILITIES & CAPITAL:  
 Dividends Payable 15,770
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 168,317
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 13,064,924
 Regular shares 27,499,943
 All Other Shares & Deposits 19,935,084
  TOTAL SHARES & DEPOSITS 60,499,951
  TOTAL LIABILITIES 60,684,038
 Regular Reserve 814,624
 Other Reserves 255,828
 Undivided Earnings 1,768,687
  TOTAL EQUITY 2,839,139
  TOTAL LIABILITIES, SHARES, & EQUITY 63,523,177
INCOME & EXPENSE  
 Loan Income 1,493,017
 Investment Income 321,814
 Other Income 596,926
 Total Employee Compensation & Benefits 964,893
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,617,447
 Non-operating Income & (Expense) 3,090
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 113,198
 Cost of Funds 154,345
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -610,882
↑ Back to Top

Other Credit Unions

IBEW LOCAL UNION 80 FEDERAL CREDIT UNION
5307 E Virginia Beach Blvd
NORFOLK, VA 23502
ST. MATTHEWS FEDERAL CREDIT UNION
6477 COLLEGE PARK SQUARE SUITE 200
VIRGINIA BEACH, VA 23464-3611
SUMMIT HAMPTON ROADS FEDERAL CREDIT UNION
3636 High St
PORTSMOUTH, VA 23707
PORT OF HAMPTON ROADS ILA FEDERAL CREDIT UNION
1355 International Terminal Blvd
NORFOLK, VA 23505
PORTSMOUTH SCHOOLS FEDERAL CREDIT UNION
455 DINWIDDIE STREET
PORTSMOUTH, VA 23704
VA BEACH POSTAL FEDERAL CREDIT UNION
501 Viking Dr # A
VIRGINIA BEACH, VA 23452-7306
NORFOLK FIRE DEPARTMENT FEDERAL CREDIT UNION
4100 E Virginia Beach Blvd
NORFOLK, VA 23502-3331
PRIME CARE INCORPORATED CREDIT UNION
600 Gresham Dr.
NORFOLK, VA 23507
NORTHERN STAR CREDIT UNION, INC.
5100 George Washington Hwy
PORTSMOUTH, VA 23702
VIRGINIA BEACH SCHOOLS FEDERAL CREDIT UNION
3701 Bonney Rd
VIRGINIA BEACH, VA 23452-3405