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NEW CENTURY FEDERAL CREDIT UNION

Dec, 31, 2020 — NEW CENTURY FEDERAL CREDIT UNION is a federal credit union headquartered in Joliet, IL with 2 branch locations and about $53.53 million in total assets. Opened 85 years ago in 1936, NEW CENTURY FEDERAL CREDIT UNION has about 4,627 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:4,627
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:$53,533,156
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 4,533,029
TOTAL INVESTMENTS 30,878,000
Loans Held for Sale 0
 
 Real Estate Loans 7,089,466
 Unsecured Loans 1,273,577
 Other Loans 8,321,846
 TOTAL LOANS 16,684,889
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -98,997
 Land And Building 625,267
 Other Fixed Assets 180,150
 NCUSIF Deposit 432,667
 All Other Assets 298,151
  TOTAL ASSETS 53,533,156
LIABILITIES & CAPITAL:  
 Dividends Payable 3,240
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 151,690
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 4,118,316
 Regular shares 27,438,045
 All Other Shares & Deposits 14,781,075
  TOTAL SHARES & DEPOSITS 46,337,436
  TOTAL LIABILITIES 46,492,366
 Regular Reserve 1,000,661
 Other Reserves 0
 Undivided Earnings 6,040,129
  TOTAL EQUITY 7,040,790
  TOTAL LIABILITIES, SHARES, & EQUITY 53,533,156
INCOME & EXPENSE  
 Loan Income 782,980
 Investment Income 645,907
 Other Income 241,384
 Total Employee Compensation & Benefits 551,412
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 701,100
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 44,000
 Cost of Funds 160,557
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 213,202
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