Dec, 31, 2023 — NUVISION FEDERAL CREDIT UNION is a federal credit union headquartered in HUNTINGTON BEACH, CA with 26 branch locations and about $3.34 billion in total assets. Opened 89 years ago in 1935, NUVISION FEDERAL CREDIT UNION has about 161,179 members and employs 516 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NUVISION FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 7812 Edinger Ave HUNTINGTON BEACH, CA 92647 |
| Phone: | (800) 444-6327 |
| Fax: | (714) 375-8217 |
| Website: | https://www.nuvisionfederal.org |
| Branches: | 26 branch locations |
| Members: | 161,179 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 566 |
|---|---|
| Membership Type: | Multiple common bond - Primarily transportation equipment |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $3,341,621,515 |
| CEO/Manager: | Roger D Ballard |
| Chairperson: | Theodore F Humphrey |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 357,228,474 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 166,920 |
| Real Estate Loans | 1,308,522,313 |
| Unsecured Loans | 158,471,781 |
| Other Loans | 1,093,795,858 |
| TOTAL LOANS | 2,560,789,952 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -25,480,602 |
| Land And Building | 19,110,530 |
| Other Fixed Assets | 14,528,328 |
| NCUSIF Deposit | 23,392,276 |
| All Other Assets | 0 |
| TOTAL ASSETS | 3,341,621,515 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 391,695 |
| Notes & Interest Payable | 450,000,000 |
| Accounts Payable & Other Liabilities | 42,887,392 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 498,026,476 |
| Regular shares | 716,994,675 |
| All Other Shares & Deposits | 1,306,783,454 |
| TOTAL SHARES & DEPOSITS | 2,521,804,605 |
| TOTAL LIABILITIES | 3,015,107,222 |
| Regular Reserve | 0 |
| Other Reserves | 89,410,030 |
| Undivided Earnings | 237,104,263 |
| TOTAL EQUITY | 326,514,293 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,341,621,515 |
| INCOME & EXPENSE | |
| Loan Income | 122,409,742 |
| Investment Income | 22,543,165 |
| Other Income | 10,862,972 |
| Total Employee Compensation & Benefits | 53,624,935 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 41,266,763 |
| Non-operating Income & (Expense) | -5,125 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 17,861,894 |
| Cost of Funds | 44,320,304 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 24,604,754 |
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