Jun, 30, 2024 — NEBRASKA RURAL ELECTRIC ASSOCIATION CREDIT UNION is a federally insured state chartered credit union headquartered in LINCOLN, NE with 1 branch location and about $5.88 million in total assets. Opened 52 years ago in 1973, NEBRASKA RURAL ELECTRIC ASSOCIATION CREDIT UNION has about 755 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NEBRASKA RURAL ELECTRIC ASSOCIATION CREDIT UNION |
|---|---|
| Address: (Main Office) | 1244 K St LINCOLN, NE 68508-2855 |
| Phone: | (402) 475-4988 |
| Fax: | (402) 475-0835 |
| Website: | https://www.nreacu.org |
| Branches: | 1 branch locations |
| Members: | 755 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61715 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1973 |
| Last Audited: | Feb 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $5,875,361 |
| CEO/Manager: | Mary C McCall |
| Chairperson: | John Hoke |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 595,952 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 290,740 |
| Other Loans | 2,698,107 |
| TOTAL LOANS | 2,988,847 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -14,407 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 54,166 |
| All Other Assets | 0 |
| TOTAL ASSETS | 5,875,361 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,291 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 4,089,262 |
| All Other Shares & Deposits | 959,243 |
| TOTAL SHARES & DEPOSITS | 5,048,505 |
| TOTAL LIABILITIES | 5,052,796 |
| Regular Reserve | 0 |
| Other Reserves | 184,000 |
| Undivided Earnings | 638,565 |
| TOTAL EQUITY | 822,565 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,875,361 |
| INCOME & EXPENSE | |
| Loan Income | 72,575 |
| Investment Income | 22,399 |
| Other Income | 924 |
| Total Employee Compensation & Benefits | 52,501 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 36,747 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,600 |
| Cost of Funds | 7,728 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -3,856 |
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