Dec, 31, 2023 — NICKEL STEEL FEDERAL CREDIT UNION is a federal credit union headquartered in LIMA, OH with 1 branch location and about $6.66 million in total assets. Opened 71 years ago in 1953, NICKEL STEEL FEDERAL CREDIT UNION has about 554 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NICKEL STEEL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1067 s main st LIMA, OH 45804-2043 |
| Phone: | (419) 224-7861 |
| Fax: | (419) 224-2607 |
| Website: | https://www.nickelsteelfcu.com |
| Branches: | 1 branch locations |
| Members: | 554 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9000 |
|---|---|
| Membership Type: | Multiple common bond - Primarily primary and fabricated metals |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $6,658,525 |
| CEO/Manager: | rikki r hatton |
| Chairperson: | john altenbach |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 755,888 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 133,226 |
| Unsecured Loans | 690,827 |
| Other Loans | 2,052,009 |
| TOTAL LOANS | 2,876,062 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -15,178 |
| Land And Building | 7,322 |
| Other Fixed Assets | 13,046 |
| NCUSIF Deposit | 42,929 |
| All Other Assets | 0 |
| TOTAL ASSETS | 6,658,525 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 12,876 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,026,063 |
| Regular shares | 2,957,668 |
| All Other Shares & Deposits | 1,085,795 |
| TOTAL SHARES & DEPOSITS | 5,069,526 |
| TOTAL LIABILITIES | 5,082,402 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,576,123 |
| TOTAL EQUITY | 1,576,123 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 6,658,525 |
| INCOME & EXPENSE | |
| Loan Income | 214,859 |
| Investment Income | 116,333 |
| Other Income | 67,915 |
| Total Employee Compensation & Benefits | 183,714 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 100,496 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 18,123 |
| Cost of Funds | 10,594 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 87,752 |
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