Dec, 31, 2023 — N.I.C.E. FEDERAL CREDIT UNION is a federal credit union headquartered in SAINT CHARLES, IL with 1 branch location and about $2.32 million in total assets. Opened 41 years ago in 1983, N.I.C.E. FEDERAL CREDIT UNION has about 365 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | N.I.C.E. FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 11 S 2nd Ave Ste A SAINT CHARLES, IL 60174-1941 |
| Phone: | (630) 584-3670 |
| Fax: | (630) 584-3670 |
| Website: | https://nicefederalcu.org |
| Branches: | 1 branch locations |
| Members: | 365 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24039 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1983 |
| Last Audited: | Jul 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $2,321,725 |
| CEO/Manager: | Carla J Santschi |
| Chairperson: | Linda J White |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 407,704 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 475,889 |
| Other Loans | 1,198,850 |
| TOTAL LOANS | 1,674,739 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,560 |
| Land And Building | 0 |
| Other Fixed Assets | 405 |
| NCUSIF Deposit | 20,424 |
| All Other Assets | 0 |
| TOTAL ASSETS | 2,321,725 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 15,513 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 120,869 |
| Regular shares | 1,734,482 |
| All Other Shares & Deposits | 260,887 |
| TOTAL SHARES & DEPOSITS | 2,116,237 |
| TOTAL LIABILITIES | 2,131,750 |
| Regular Reserve | 0 |
| Other Reserves | 41,566 |
| Undivided Earnings | 148,409 |
| TOTAL EQUITY | 189,975 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,321,725 |
| INCOME & EXPENSE | |
| Loan Income | 121,734 |
| Investment Income | 20,330 |
| Other Income | 13,009 |
| Total Employee Compensation & Benefits | 67,557 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 69,332 |
| Non-operating Income & (Expense) | 2,415 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 12,401 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 9,638 |
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