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NORTHERN LIGHTS FEDERAL CREDIT UNION

Mar, 31, 2022 — NORTHERN LIGHTS FEDERAL CREDIT UNION is a federal credit union headquartered in SAINT JOHNSBURY, VT with 3 branch locations and about $30.43 million in total assets. Opened 71 years ago in 1951, NORTHERN LIGHTS FEDERAL CREDIT UNION has about 4,455 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:NORTHERN LIGHTS FEDERAL CREDIT UNION
Address:
(Main Office)
1004 Memorial Dr
SAINT JOHNSBURY, VT 05819
Phone:(802) 748-2288
Fax:(802) 748-6570
Website:http://www.northernlightscu.com
Branches:3 branch locations
Members:4,455
Credit Union Type:Federal Credit Union
Charter Number:24878
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1951
Last Audited:Sep 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$30,425,732
CEO/Manager:Rita St. Arnauld
Chairperson:Greg Winn

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 6,580,703
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 3,636,124
 Unsecured Loans 115,397
 Other Loans 17,544,075
 TOTAL LOANS 21,295,596
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -41,505
 Land And Building 1,448,264
 Other Fixed Assets 172,507
 NCUSIF Deposit 238,468
 All Other Assets 13,461
  TOTAL ASSETS 30,425,732
LIABILITIES & CAPITAL:  
 Dividends Payable 54
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 60,764
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 6,572,847
 Regular shares 15,843,465
 All Other Shares & Deposits 4,534,660
  TOTAL SHARES & DEPOSITS 26,950,972
  TOTAL LIABILITIES 27,011,790
 Regular Reserve 0
 Other Reserves 1,131,147
 Undivided Earnings 2,282,795
  TOTAL EQUITY 3,413,942
  TOTAL LIABILITIES, SHARES, & EQUITY 30,425,732
INCOME & EXPENSE  
 Loan Income 258,734
 Investment Income 2,441
 Other Income 63,821
 Total Employee Compensation & Benefits 132,462
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 187,366
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -6,694
 Cost of Funds 2,292
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 44,676
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