Dec, 31, 2023 — NUVISTA FEDERAL CREDIT UNION is a federal credit union headquartered in MONTROSE, CO with 2 branch locations and about $141.62 million in total assets. Opened 60 years ago in 1964, NUVISTA FEDERAL CREDIT UNION has about 7,185 members and employs 25 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | NUVISTA FEDERAL CREDIT UNION |
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Address: (Main Office) | 2711 Commercial Way MONTROSE, CO 81401 |
Phone: | (970) 249-8813 |
Fax: | (970) 249-8895 |
Website: | https://www.nuvista.org |
Branches: | 2 branch locations |
Members: | 7,185 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 16476 |
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Membership Type: | Community - Rural District |
Corporate Credit Union: | No |
Year Opened: | 1964 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $141,624,629 |
CEO/Manager: | BJ Coram |
Chairperson: | Virgil Turner |
ASSETS: | $ Amount |
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Cash & Equivalents | 9,698,999 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 42,348,888 |
Unsecured Loans | 1,607,107 |
Other Loans | 11,622,078 |
TOTAL LOANS | 59,501,572 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -225,616 |
Land And Building | 2,423,532 |
Other Fixed Assets | 527,664 |
NCUSIF Deposit | 1,174,542 |
All Other Assets | 0 |
TOTAL ASSETS | 141,624,629 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 4,565,576 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 24,786,204 |
Regular shares | 43,517,796 |
All Other Shares & Deposits | 53,337,883 |
TOTAL SHARES & DEPOSITS | 121,641,884 |
TOTAL LIABILITIES | 126,207,460 |
Regular Reserve | 0 |
Other Reserves | -1,169,088 |
Undivided Earnings | 16,586,257 |
TOTAL EQUITY | 15,417,169 |
TOTAL LIABILITIES, SHARES, & EQUITY | 141,624,629 |
INCOME & EXPENSE | |
Loan Income | 3,081,737 |
Investment Income | 1,921,808 |
Other Income | 1,096,205 |
Total Employee Compensation & Benefits | 1,736,627 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,827,872 |
Non-operating Income & (Expense) | 176 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 641,332 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,597,717 |
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» See also Statement of Financial Condition