Dec, 31, 2023 — NEIGHBORS CREDIT UNION is a federally insured state chartered credit union headquartered in SAINT LOUIS, MO with 9 branch locations and about $491.18 million in total assets. Opened 96 years ago in 1928, NEIGHBORS CREDIT UNION has about 48,515 members and employs 125 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NEIGHBORS CREDIT UNION |
|---|---|
| Address: (Main Office) | 6300 S Lindbergh Blvd SAINT LOUIS, MO 63123-7804 |
| Phone: | (314) 892-5400 |
| Fax: | (314) 892-9876 |
| Website: | https://www.neighborscu.org |
| Branches: | 9 branch locations |
| Members: | 48,515 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62905 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1928 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $491,175,539 |
| CEO/Manager: | Jason Heath |
| Chairperson: | Anthony Harris |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 13,882,508 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 188,536,147 |
| Unsecured Loans | 28,489,415 |
| Other Loans | 161,626,760 |
| TOTAL LOANS | 378,764,915 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,849,442 |
| Land And Building | 20,367,837 |
| Other Fixed Assets | 1,458,123 |
| NCUSIF Deposit | 4,131,734 |
| All Other Assets | 1,732,983 |
| TOTAL ASSETS | 491,175,539 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 3,500,000 |
| Accounts Payable & Other Liabilities | 2,762,069 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 99,443,410 |
| Regular shares | 124,978,627 |
| All Other Shares & Deposits | 201,495,248 |
| TOTAL SHARES & DEPOSITS | 425,917,286 |
| TOTAL LIABILITIES | 432,179,355 |
| Regular Reserve | 0 |
| Other Reserves | -5,414,321 |
| Undivided Earnings | 64,410,505 |
| TOTAL EQUITY | 58,996,184 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 491,175,539 |
| INCOME & EXPENSE | |
| Loan Income | 19,603,167 |
| Investment Income | 1,730,694 |
| Other Income | 7,072,333 |
| Total Employee Compensation & Benefits | 12,329,714 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 11,956,665 |
| Non-operating Income & (Expense) | -14,831 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,337,952 |
| Cost of Funds | 5,069,782 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,140,067 |
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