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NEW CENTURY FEDERAL CREDIT UNION

Dec, 31, 2023 — NEW CENTURY FEDERAL CREDIT UNION is a federal credit union headquartered in JOLIET, IL with 2 branch locations and about $55.47 million in total assets. Opened 88 years ago in 1936, NEW CENTURY FEDERAL CREDIT UNION has about 4,408 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:NEW CENTURY FEDERAL CREDIT UNION
Address:
(Main Office)
291 Springfield Ave
JOLIET, IL 60435-6509
Phone:(815) 741-1847
Fax:(815) 729-4136
Website:https://newcenturyfcu.org
Branches:2 branch locations
Members:4,408
Credit Union Type:Federal Credit Union
Charter Number:1251
Membership Type:Multiple common bond - Primarily primary and fabricated metals
Corporate Credit Union:No
Year Opened:1936
Last Audited:Jun 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$55,465,225
CEO/Manager:Mark Eissens
Chairperson:Joseph Fabbre

Call Report

  • Payday Alternative Loans (PAL Loans)
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,319,132
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 9,657,371
 Unsecured Loans 1,805,986
 Other Loans 11,168,895
 TOTAL LOANS 22,632,251
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -117,589
 Land And Building 549,320
 Other Fixed Assets 64,254
 NCUSIF Deposit 478,255
 All Other Assets 0
  TOTAL ASSETS 55,465,225
LIABILITIES & CAPITAL:  
 Dividends Payable 18,300
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 235,008
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 4,757,236
 Regular shares 26,825,482
 All Other Shares & Deposits 16,028,512
  TOTAL SHARES & DEPOSITS 47,611,229
  TOTAL LIABILITIES 47,864,537
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 7,600,688
  TOTAL EQUITY 7,600,688
  TOTAL LIABILITIES, SHARES, & EQUITY 55,465,225
INCOME & EXPENSE  
 Loan Income 1,079,323
 Investment Income 506,032
 Other Income 80,221
 Total Employee Compensation & Benefits 686,416
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 827,106
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 22,000
 Cost of Funds 321,569
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 34,007
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