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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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