Dec, 31, 2023 — NUCOR EMPLOYEE'S CREDIT UNION is a federally insured state chartered credit union headquartered in FLORENCE, SC with 12 branch locations and about $61.65 million in total assets. Opened 62 years ago in 1962, NUCOR EMPLOYEE'S CREDIT UNION has about 7,946 members and employs 21 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NUCOR EMPLOYEE'S CREDIT UNION |
|---|---|
| Address: (Main Office) | 1202 N Cashua Dr FLORENCE, SC 29501 |
| Phone: | (843) 665-4668 |
| Fax: | (843) 665-6911 |
| Website: | https://www.nucorcu.org |
| Branches: | 12 branch locations |
| Members: | 7,946 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61028 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1962 |
| Last Audited: | Sep 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $61,651,507 |
| CEO/Manager: | Richard C Ryan Jr |
| Chairperson: | Starlet J Britt |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 16,777,679 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 181,055 |
| Unsecured Loans | 2,218,764 |
| Other Loans | 35,334,793 |
| TOTAL LOANS | 37,734,612 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -262,896 |
| Land And Building | 1,411,505 |
| Other Fixed Assets | 91,401 |
| NCUSIF Deposit | 539,339 |
| All Other Assets | 3,382 |
| TOTAL ASSETS | 61,651,507 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 19,180 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 992,812 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 11,337,399 |
| Regular shares | 34,417,634 |
| All Other Shares & Deposits | 5,101,826 |
| TOTAL SHARES & DEPOSITS | 50,856,859 |
| TOTAL LIABILITIES | 51,868,851 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 9,782,656 |
| TOTAL EQUITY | 9,782,656 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 61,651,507 |
| INCOME & EXPENSE | |
| Loan Income | 1,693,640 |
| Investment Income | 1,263,863 |
| Other Income | 354,437 |
| Total Employee Compensation & Benefits | 1,030,247 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 930,431 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 26,662 |
| Cost of Funds | 142,969 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,745,642 |
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