Dec, 31, 2023 — NUEVA ESPERANZA COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in TOLEDO, OH with 1 branch location and about $4.52 million in total assets. Opened 14 years ago in 2010, NUEVA ESPERANZA COMMUNITY CREDIT UNION has about 577 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: | NUEVA ESPERANZA COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 1638 Broadway St TOLEDO, OH 43609-3240 |
| Phone: | (419) 720-9530 |
| Fax: | (419) 720-9533 |
| Website: | https://www.nuevaesperanzaccu.org |
| Branches: | 1 branch locations |
| Members: | 577 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68603 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 2010 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $4,522,004 |
| CEO/Manager: | Sue Cuevas |
| Chairperson: | Adam Martinez |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,890,963 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 31,805 |
| Unsecured Loans | 297,421 |
| Other Loans | 2,444,857 |
| TOTAL LOANS | 2,774,083 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -224,270 |
| Land And Building | 0 |
| Other Fixed Assets | 11 |
| NCUSIF Deposit | 25,206 |
| All Other Assets | 0 |
| TOTAL ASSETS | 4,522,004 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 588 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 585,996 |
| All Other Shares & Deposits | 1,898,284 |
| TOTAL SHARES & DEPOSITS | 2,484,280 |
| TOTAL LIABILITIES | 2,484,868 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,037,136 |
| TOTAL EQUITY | 2,037,136 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,522,004 |
| INCOME & EXPENSE | |
| Loan Income | 159,330 |
| Investment Income | 21,583 |
| Other Income | 28,145 |
| Total Employee Compensation & Benefits | 124,225 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 112,812 |
| Non-operating Income & (Expense) | 124,000 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 86,472 |
| Cost of Funds | 2,396 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 7,363 |
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