NORTHERN UNITED FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.northernufcu.org for more information.
Dec, 31, 2023 — NORTHERN UNITED FEDERAL CREDIT UNION is a federal credit union headquartered in ESCANABA, MI with 1 branch location and about $24.27 million in total assets. Opened 84 years ago in 1940, NORTHERN UNITED FEDERAL CREDIT UNION has about 2,148 members and employs 4 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 UNITED FEDERAL CREDIT UNION |
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Address: (Main Office) | 123 S LINCOLN RD ESCANABA, MI 49829-1339 |
Phone: | (906) 786-0888 |
Fax: | (906) 786-6762 |
Website: | https://www.northernufcu.org |
Branches: | 1 branch locations |
Members: | 2,148 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 3726 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1940 |
Last Audited: | Jun 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $24,274,406 |
CEO/Manager: | Karen Dahl |
Chairperson: | David Cowen |
ASSETS: | $ Amount |
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Cash & Equivalents | 9,545,062 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,432,783 |
Unsecured Loans | 875,975 |
Other Loans | 3,864,084 |
TOTAL LOANS | 7,172,842 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -18,644 |
Land And Building | 345,737 |
Other Fixed Assets | 42,163 |
NCUSIF Deposit | 192,249 |
All Other Assets | 0 |
TOTAL ASSETS | 24,274,406 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 85 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 57,219 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,771,887 |
Regular shares | 16,570,402 |
All Other Shares & Deposits | 1,453,053 |
TOTAL SHARES & DEPOSITS | 21,795,342 |
TOTAL LIABILITIES | 21,852,646 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 2,421,760 |
TOTAL EQUITY | 2,421,760 |
TOTAL LIABILITIES, SHARES, & EQUITY | 24,274,406 |
INCOME & EXPENSE | |
Loan Income | 81,993 |
Investment Income | 27,946 |
Other Income | 38,950 |
Total Employee Compensation & Benefits | 104,661 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 325,009 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -2,798 |
Cost of Funds | 2,883 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -280,866 |
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» See also Statement of Financial Condition