Dec, 31, 2023 — NORMAL CITY EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in NORMAL, IL with 1 branch location and about $4.96 million in total assets. Opened 62 years ago in 1962, NORMAL CITY EMPLOYEES FEDERAL CREDIT UNION has about 620 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NORMAL CITY EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 100 E Phoenix Ave NORMAL, IL 61761-3018 |
| Phone: | (309) 433-3408 |
| Fax: | |
| Website: | https://www.ncefcu.com |
| Branches: | 1 branch locations |
| Members: | 620 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14972 |
|---|---|
| Membership Type: | Federal, State, Local Government |
| Corporate Credit Union: | No |
| Year Opened: | 1962 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $4,958,039 |
| CEO/Manager: | Jackie R Thomas |
| Chairperson: | Mark Kotte |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 285,052 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 953,908 |
| Other Loans | 2,874,025 |
| TOTAL LOANS | 3,827,933 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -48,522 |
| Land And Building | 0 |
| Other Fixed Assets | 215 |
| NCUSIF Deposit | 50,679 |
| All Other Assets | 0 |
| TOTAL ASSETS | 4,958,039 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 140 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 4,467,515 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 4,467,515 |
| TOTAL LIABILITIES | 4,467,655 |
| Regular Reserve | 0 |
| Other Reserves | 80,648 |
| Undivided Earnings | 409,736 |
| TOTAL EQUITY | 490,384 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,958,039 |
| INCOME & EXPENSE | |
| Loan Income | 127,681 |
| Investment Income | 33,484 |
| Other Income | 0 |
| Total Employee Compensation & Benefits | 72,066 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 45,046 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 19,574 |
| Cost of Funds | 19,667 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 5,451 |
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