Dec, 31, 2023 — NORTHEAST NEBRASKA FEDERAL CREDIT UNION is a federal credit union headquartered in NORFOLK, NE with 1 branch location and about $13.10 million in total assets. Opened 62 years ago in 1962, NORTHEAST NEBRASKA FEDERAL CREDIT UNION has about 2,081 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NORTHEAST NEBRASKA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1306 N 13th St NORFOLK, NE 68701-2591 |
| Phone: | (402) 371-9345 |
| Fax: | (402) 371-4740 |
| Website: | https://www.nnfcu.com |
| Branches: | 1 branch locations |
| Members: | 2,081 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14965 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1962 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $13,104,597 |
| CEO/Manager: | Becky Klassen |
| Chairperson: | Terry L Zwiebel |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 663,440 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,422,434 |
| Unsecured Loans | 383,782 |
| Other Loans | 7,535,804 |
| TOTAL LOANS | 9,342,020 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -57,266 |
| Land And Building | 516,957 |
| Other Fixed Assets | 37,791 |
| NCUSIF Deposit | 129,414 |
| All Other Assets | 0 |
| TOTAL ASSETS | 13,104,597 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 168,166 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,471,419 |
| Regular shares | 9,405,716 |
| All Other Shares & Deposits | 963,616 |
| TOTAL SHARES & DEPOSITS | 11,840,751 |
| TOTAL LIABILITIES | 12,008,917 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,095,680 |
| TOTAL EQUITY | 1,095,680 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 13,104,597 |
| INCOME & EXPENSE | |
| Loan Income | 414,951 |
| Investment Income | 55,521 |
| Other Income | 152,589 |
| Total Employee Compensation & Benefits | 186,663 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 307,684 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 12,000 |
| Cost of Funds | 115,169 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 8,973 |
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