Dec, 31, 2023 — N.E.W. CREDIT UNION is a federally insured state chartered credit union headquartered in OCONTO FALLS, WI with 7 branch locations and about $150.38 million in total assets. Opened 62 years ago in 1962, N.E.W. CREDIT UNION has about 12,125 members and employs 42 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | N.E.W. CREDIT UNION |
|---|---|
| Address: (Main Office) | 301 Jackson St OCONTO FALLS, WI 54154-1120 |
| Phone: | (920) 848-2793 |
| Fax: | (920) 848-4295 |
| Website: | https://www.newcu.org |
| Branches: | 7 branch locations |
| Members: | 12,125 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67017 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1962 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $150,380,477 |
| CEO/Manager: | Lisa A Gilligan |
| Chairperson: | William Kamke |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,947,886 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 39,925,324 |
| Unsecured Loans | 2,573,968 |
| Other Loans | 33,053,242 |
| TOTAL LOANS | 75,552,534 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -208,639 |
| Land And Building | 1,080,534 |
| Other Fixed Assets | 189,768 |
| NCUSIF Deposit | 1,338,090 |
| All Other Assets | 0 |
| TOTAL ASSETS | 150,380,477 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 219,237 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,068,724 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 30,598,164 |
| Regular shares | 68,141,717 |
| All Other Shares & Deposits | 34,707,702 |
| TOTAL SHARES & DEPOSITS | 133,447,583 |
| TOTAL LIABILITIES | 135,735,544 |
| Regular Reserve | 0 |
| Other Reserves | 1,158,173 |
| Undivided Earnings | 13,486,760 |
| TOTAL EQUITY | 14,644,933 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 150,380,477 |
| INCOME & EXPENSE | |
| Loan Income | 3,146,494 |
| Investment Income | 1,443,758 |
| Other Income | 431,794 |
| Total Employee Compensation & Benefits | 2,136,930 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,521,067 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 53,598 |
| Cost of Funds | 497,225 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 537,946 |
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