Dec, 31, 2023 — NORTHERN LIGHTS FEDERAL CREDIT UNION is a federal credit union headquartered in SAINT JOHNSBURY, VT with 3 branch locations and about $29.53 million in total assets. Opened 73 years ago in 1951, NORTHERN LIGHTS FEDERAL CREDIT UNION has about 4,209 members and employs 10 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: | https://www.northernlightscu.com |
| Branches: | 3 branch locations |
| Members: | 4,209 |
| 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, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $29,526,318 |
| CEO/Manager: | Rita Revilla |
| Chairperson: | Greg Winn |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,576,798 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,024,680 |
| Unsecured Loans | 100,372 |
| Other Loans | 18,971,808 |
| TOTAL LOANS | 23,096,860 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -106,512 |
| Land And Building | 1,415,913 |
| Other Fixed Assets | 87,926 |
| NCUSIF Deposit | 257,701 |
| All Other Assets | 25,203 |
| TOTAL ASSETS | 29,526,318 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 6,332 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 145,753 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,193,831 |
| Regular shares | 12,804,704 |
| All Other Shares & Deposits | 5,612,079 |
| TOTAL SHARES & DEPOSITS | 25,610,614 |
| TOTAL LIABILITIES | 25,762,699 |
| Regular Reserve | 0 |
| Other Reserves | 1,131,147 |
| Undivided Earnings | 2,632,472 |
| TOTAL EQUITY | 3,763,619 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 29,526,318 |
| INCOME & EXPENSE | |
| Loan Income | 1,253,831 |
| Investment Income | 171,422 |
| Other Income | 266,631 |
| Total Employee Compensation & Benefits | 604,673 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 787,975 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 50,979 |
| Cost of Funds | 31,433 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 260,624 |
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