Dec, 31, 2023 — NAHEOLA CREDIT UNION is a federally insured state chartered credit union headquartered in PENNINGTON, AL with 4 branch locations and about $181.15 million in total assets. Opened 65 years ago in 1959, NAHEOLA CREDIT UNION has about 11,863 members and employs 34 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | NAHEOLA CREDIT UNION |
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Address: (Main Office) | 5480 Main St PENNINGTON, AL 36916 |
Phone: | (205) 844-5527 |
Fax: | (205) 844-5514 |
Website: | https://www.naheola.com |
Branches: | 4 branch locations |
Members: | 11,863 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 62661 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1959 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $181,154,513 |
CEO/Manager: | Mark J Johnson |
Chairperson: | Cory W Martin |
ASSETS: | $ Amount |
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Cash & Equivalents | 9,395,078 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 87,528,075 |
Unsecured Loans | 7,257,614 |
Other Loans | 52,266,775 |
TOTAL LOANS | 147,052,469 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,508,283 |
Land And Building | 2,516,854 |
Other Fixed Assets | 78,684 |
NCUSIF Deposit | 1,168,687 |
All Other Assets | 237,900 |
TOTAL ASSETS | 181,154,513 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 17 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,234,795 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 17,640,234 |
Regular shares | 48,047,538 |
All Other Shares & Deposits | 84,175,019 |
TOTAL SHARES & DEPOSITS | 149,862,792 |
TOTAL LIABILITIES | 151,097,604 |
Regular Reserve | 0 |
Other Reserves | 2,538,464 |
Undivided Earnings | 27,518,445 |
TOTAL EQUITY | 30,056,909 |
TOTAL LIABILITIES, SHARES, & EQUITY | 181,154,513 |
INCOME & EXPENSE | |
Loan Income | 8,562,198 |
Investment Income | 535,256 |
Other Income | 1,282,437 |
Total Employee Compensation & Benefits | 2,625,865 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,881,581 |
Non-operating Income & (Expense) | -6,500 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 660,000 |
Cost of Funds | 2,810,688 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,186,691 |
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