Dec, 31, 2023 — NORTHERN SKIES FEDERAL CREDIT UNION is a federal credit union headquartered in ANCHORAGE, AK with 2 branch locations and about $194.28 million in total assets. Opened 57 years ago in 1967, NORTHERN SKIES FEDERAL CREDIT UNION has about 12,996 members and employs 58 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NORTHERN SKIES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1001 E Benson Blvd ANCHORAGE, AK 99508 |
| Phone: | (907) 561-1407 |
| Fax: | (907) 561-4005 |
| Website: | https://www.nsfcu.org |
| Branches: | 2 branch locations |
| Members: | 12,996 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 18204 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1967 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $194,283,814 |
| CEO/Manager: | D. Kyler Howlett |
| Chairperson: | Marva Luhrs |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 14,593,412 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 19,810,911 |
| Unsecured Loans | 6,914,400 |
| Other Loans | 122,299,604 |
| TOTAL LOANS | 149,060,204 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -937,744 |
| Land And Building | 7,674,667 |
| Other Fixed Assets | 1,038,791 |
| NCUSIF Deposit | 1,322,054 |
| All Other Assets | 274,656 |
| TOTAL ASSETS | 194,283,814 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 430,381 |
| Notes & Interest Payable | 1,577,294 |
| Accounts Payable & Other Liabilities | 1,702,484 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 28,210,181 |
| Regular shares | 43,485,830 |
| All Other Shares & Deposits | 94,932,514 |
| TOTAL SHARES & DEPOSITS | 166,628,525 |
| TOTAL LIABILITIES | 170,338,684 |
| Regular Reserve | 0 |
| Other Reserves | -29,537 |
| Undivided Earnings | 23,974,667 |
| TOTAL EQUITY | 23,945,130 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 194,283,814 |
| INCOME & EXPENSE | |
| Loan Income | 9,887,383 |
| Investment Income | 1,247,680 |
| Other Income | 1,314,349 |
| Total Employee Compensation & Benefits | 4,333,816 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,076,877 |
| Non-operating Income & (Expense) | -80,874 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 567,277 |
| Cost of Funds | 2,793,624 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,557,531 |
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