Dec, 31, 2023 — NIKKEI CREDIT UNION is a federally insured state chartered credit union headquartered in GARDENA, CA with 2 branch locations and about $87.65 million in total assets. Opened 73 years ago in 1951, NIKKEI CREDIT UNION has about 4,426 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: | NIKKEI CREDIT UNION |
|---|---|
| Address: (Main Office) | 18425 S Western Ave GARDENA, CA 90248 |
| Phone: | (310) 324-1544 |
| Fax: | (310) 324-1659 |
| Website: | https://www.nikkeicu.org |
| Branches: | 2 branch locations |
| Members: | 4,426 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 65059 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1951 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $87,650,876 |
| CEO/Manager: | Jon Hernandez |
| Chairperson: | Gary Nakata |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,934,316 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 59,160,796 |
| Unsecured Loans | 619,597 |
| Other Loans | 8,206,832 |
| TOTAL LOANS | 67,987,225 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -219,475 |
| Land And Building | 411,618 |
| Other Fixed Assets | 338,192 |
| NCUSIF Deposit | 806,182 |
| All Other Assets | 0 |
| TOTAL ASSETS | 87,650,876 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 875,376 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 11,430,006 |
| Regular shares | 31,786,757 |
| All Other Shares & Deposits | 32,742,402 |
| TOTAL SHARES & DEPOSITS | 75,959,166 |
| TOTAL LIABILITIES | 76,834,542 |
| Regular Reserve | 0 |
| Other Reserves | 81,153 |
| Undivided Earnings | 10,735,181 |
| TOTAL EQUITY | 10,816,334 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 87,650,876 |
| INCOME & EXPENSE | |
| Loan Income | 2,801,056 |
| Investment Income | 608,851 |
| Other Income | 170,149 |
| Total Employee Compensation & Benefits | 1,153,883 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,148,549 |
| Non-operating Income & (Expense) | 25,830 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 133,270 |
| Cost of Funds | 597,471 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 620,991 |
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