Dec, 31, 2023 — NEBO CREDIT UNION is a federally insured state chartered credit union headquartered in SPRINGVILLE, UT with 3 branch locations and about $139.53 million in total assets. Opened 68 years ago in 1956, NEBO CREDIT UNION has about 13,960 members and employs 43 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | NEBO CREDIT UNION |
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Address: (Main Office) | 730 E 300 S SPRINGVILLE, UT 84663 |
Phone: | (801) 491-3691 |
Fax: | (801) 491-3693 |
Website: | https://www.nebocreditunion.org |
Branches: | 3 branch locations |
Members: | 13,960 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67146 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1956 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $139,534,564 |
CEO/Manager: | Dale J Phelps |
Chairperson: | Frances Larsen |
ASSETS: | $ Amount |
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Cash & Equivalents | 7,331,809 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 34,881,517 |
Unsecured Loans | 4,049,630 |
Other Loans | 65,283,374 |
TOTAL LOANS | 104,214,521 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -495,392 |
Land And Building | 2,728,932 |
Other Fixed Assets | 278,870 |
NCUSIF Deposit | 1,123,924 |
All Other Assets | 202,168 |
TOTAL ASSETS | 139,534,564 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 218,431 |
Notes & Interest Payable | 3,705,000 |
Accounts Payable & Other Liabilities | 925,248 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 17,047,960 |
Regular shares | 46,803,936 |
All Other Shares & Deposits | 49,940,409 |
TOTAL SHARES & DEPOSITS | 113,792,305 |
TOTAL LIABILITIES | 118,640,984 |
Regular Reserve | 0 |
Other Reserves | -2,126,644 |
Undivided Earnings | 23,020,224 |
TOTAL EQUITY | 20,893,580 |
TOTAL LIABILITIES, SHARES, & EQUITY | 139,534,564 |
INCOME & EXPENSE | |
Loan Income | 5,748,741 |
Investment Income | 367,641 |
Other Income | 867,418 |
Total Employee Compensation & Benefits | 2,886,004 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,321,131 |
Non-operating Income & (Expense) | -6 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 428,852 |
Cost of Funds | 1,509,582 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 781,031 |
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