Dec, 31, 2023 — SUMMIT HAMPTON ROADS FEDERAL CREDIT UNION is a federal credit union headquartered in PORTSMOUTH, VA with 1 branch location and about $9.36 million in total assets. Opened 54 years ago in 1970, SUMMIT HAMPTON ROADS FEDERAL CREDIT UNION has about 1,289 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SUMMIT HAMPTON ROADS FEDERAL CREDIT UNION |
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Address: (Main Office) | 3636 High St PORTSMOUTH, VA 23707 |
Phone: | (757) 398-2384 |
Fax: | (757) 398-2684 |
Website: | https://www.shrfcu.com |
Branches: | 1 branch locations |
Members: | 1,289 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 19973 |
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Membership Type: | Multiple common bond - Primarily health care |
Corporate Credit Union: | No |
Year Opened: | 1970 |
Last Audited: | Jul 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $9,358,150 |
CEO/Manager: | Shwante Snead |
Chairperson: | Donna Davis |
ASSETS: | $ Amount |
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Cash & Equivalents | 639,765 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 176,128 |
Unsecured Loans | 1,642,866 |
Other Loans | 3,220,314 |
TOTAL LOANS | 5,039,308 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -43,024 |
Land And Building | 0 |
Other Fixed Assets | 1,895 |
NCUSIF Deposit | 84,849 |
All Other Assets | 0 |
TOTAL ASSETS | 9,358,150 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 14 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 57,418 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,072,892 |
Regular shares | 4,353,557 |
All Other Shares & Deposits | 1,523,299 |
TOTAL SHARES & DEPOSITS | 7,949,748 |
TOTAL LIABILITIES | 8,007,180 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 1,350,970 |
TOTAL EQUITY | 1,350,970 |
TOTAL LIABILITIES, SHARES, & EQUITY | 9,358,150 |
INCOME & EXPENSE | |
Loan Income | 255,848 |
Investment Income | 102,789 |
Other Income | 157,737 |
Total Employee Compensation & Benefits | 223,664 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 245,492 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 12,915 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 34,303 |
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