Dec, 31, 2022 — NUVISION FEDERAL CREDIT UNION is a federal credit union headquartered in HUNTINGTON BEACH, CA with 27 branch locations and about $2.99 billion in total assets. Opened 88 years ago in 1935, NUVISION FEDERAL CREDIT UNION has about 155,098 members and employs 516 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NUVISION FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 7812 Edinger Ave HUNTINGTON BEACH, CA 92647 |
| Phone: | (800) 444-6327 |
| Fax: | (714) 375-8217 |
| Website: | https://www.nuvisionfederal.org |
| Branches: | 27 branch locations |
| Members: | 155,098 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 566 |
|---|---|
| Membership Type: | Multiple common bond - Primarily transportation equipment |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,986,898,890 |
| CEO/Manager: | Roger D Ballard |
| Chairperson: | Theodore F Humphrey |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 171,374,771 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 2,304,078 |
| Real Estate Loans | 1,141,215,331 |
| Unsecured Loans | 166,629,004 |
| Other Loans | 1,030,248,666 |
| TOTAL LOANS | 2,338,093,001 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -15,313,183 |
| Land And Building | 11,578,851 |
| Other Fixed Assets | 12,720,316 |
| NCUSIF Deposit | 22,681,613 |
| All Other Assets | 0 |
| TOTAL ASSETS | 2,986,898,890 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 46,343 |
| Notes & Interest Payable | 65,000,000 |
| Accounts Payable & Other Liabilities | 35,582,704 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 578,420,747 |
| Regular shares | 902,957,138 |
| All Other Shares & Deposits | 1,112,908,514 |
| TOTAL SHARES & DEPOSITS | 2,594,286,399 |
| TOTAL LIABILITIES | 2,694,915,446 |
| Regular Reserve | 0 |
| Other Reserves | 103,862,574 |
| Undivided Earnings | 188,120,870 |
| TOTAL EQUITY | 291,983,444 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,986,898,890 |
| INCOME & EXPENSE | |
| Loan Income | 73,354,912 |
| Investment Income | 7,924,248 |
| Other Income | 7,361,296 |
| Total Employee Compensation & Benefits | 37,627,409 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 29,453,532 |
| Non-operating Income & (Expense) | -19,565 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,355,846 |
| Cost of Funds | 9,913,864 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 12,964,787 |
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