Dec, 31, 2023 — NEIGHBORHOOD CREDIT UNION is a federally insured state chartered credit union headquartered in DALLAS, TX with 15 branch locations and about $1.08 billion in total assets. Opened 94 years ago in 1930, NEIGHBORHOOD CREDIT UNION has about 62,006 members and employs 190 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NEIGHBORHOOD CREDIT UNION |
|---|---|
| Address: (Main Office) | 13649 Montfort Dr DALLAS, TX 75240-2521 |
| Phone: | (214) 748-9393 |
| Fax: | |
| Website: | https://www.myncu.com |
| Branches: | 15 branch locations |
| Members: | 62,006 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67681 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1930 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,080,041,519 |
| CEO/Manager: | Chet Kimmell |
| Chairperson: | Dwayne Boozer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 40,244,480 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 289,492,644 |
| Unsecured Loans | 134,578,888 |
| Other Loans | 352,515,390 |
| TOTAL LOANS | 776,586,922 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -11,411,615 |
| Land And Building | 37,074,670 |
| Other Fixed Assets | 3,498,220 |
| NCUSIF Deposit | 8,944,983 |
| All Other Assets | 633,944 |
| TOTAL ASSETS | 1,080,041,519 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 53,289 |
| Notes & Interest Payable | 20,045,551 |
| Accounts Payable & Other Liabilities | 13,414,432 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 204,629,524 |
| Regular shares | 210,130,776 |
| All Other Shares & Deposits | 539,539,831 |
| TOTAL SHARES & DEPOSITS | 954,300,132 |
| TOTAL LIABILITIES | 987,813,404 |
| Regular Reserve | 0 |
| Other Reserves | 6,867,678 |
| Undivided Earnings | 85,360,437 |
| TOTAL EQUITY | 92,228,115 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,080,041,519 |
| INCOME & EXPENSE | |
| Loan Income | 39,149,116 |
| Investment Income | 5,908,541 |
| Other Income | 17,532,670 |
| Total Employee Compensation & Benefits | 18,120,025 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 20,988,975 |
| Non-operating Income & (Expense) | -438,372 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,207,040 |
| Cost of Funds | 17,902,434 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,416,730 |
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