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NEW CENTURY FEDERAL CREDIT UNION

Mar, 31, 2021 — NEW CENTURY FEDERAL CREDIT UNION is a federal credit union headquartered in Joliet, IL with 2 branch locations and about $56.18 million in total assets. Opened 85 years ago in 1936, NEW CENTURY FEDERAL CREDIT UNION has about 4,619 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:NEW CENTURY FEDERAL CREDIT UNION
Address:
(Main Office)
291 Springfield Avenue
Joliet, IL 60435
Phone:(815) 741-1847
Fax:(815) 729-4136
Website:http://newcenturyfcu.org
Branches:2 branch locations
Members:4,619
Credit Union Type:Federal Credit Union
Charter Number:1251
Membership Type:Multiple common bond - Primarily primary and fabricated metals
Corporate Credit Union:No
Year Opened:1936
Last Audited:Jun 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$56,181,045
CEO/Manager:Mark Eissens
Chairperson:Joseph Fabbre

Call Report

  • Commercial Loans
  • Indirect Consumer Loans
  • Participation Loans
  • Pay Day Loans
  • Real Estate Loans
  • Share Secured Credit Cards
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,867,398
TOTAL INVESTMENTS 34,592,000
Loans Held for Sale 0
 
 Real Estate Loans 6,741,958
 Unsecured Loans 1,163,313
 Other Loans 8,382,229
 TOTAL LOANS 16,287,500
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -108,747
 Land And Building 616,851
 Other Fixed Assets 179,955
 NCUSIF Deposit 457,302
 All Other Assets 288,786
  TOTAL ASSETS 56,181,045
LIABILITIES & CAPITAL:  
 Dividends Payable 3,114
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 152,743
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 4,843,512
 Regular shares 29,580,145
 All Other Shares & Deposits 14,546,764
  TOTAL SHARES & DEPOSITS 48,970,421
  TOTAL LIABILITIES 49,126,278
 Regular Reserve 1,000,662
 Other Reserves 0
 Undivided Earnings 6,054,105
  TOTAL EQUITY 7,054,767
  TOTAL LIABILITIES, SHARES, & EQUITY 56,181,045
INCOME & EXPENSE  
 Loan Income 185,763
 Investment Income 138,041
 Other Income 10,585
 Total Employee Compensation & Benefits 140,004
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 191,828
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 9,000
 Cost of Funds 28,348
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 13,976
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