Sep, 30, 2025 — NORTH STAR COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in CHEROKEE, IA with 3 branch locations and about $158.62 million in total assets. Opened 54 years ago in 1972, NORTH STAR COMMUNITY CREDIT UNION has about 12,298 members and employs 35 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NORTH STAR COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 1207 North 2nd Street CHEROKEE, IA 51012 |
| Phone: | (712) 225-5731 |
| Fax: | (712) 225-2249 |
| Website: | https://www.nsccu.org |
| Branches: | 3 branch locations |
| Members: | 12,298 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62638 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1972 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $158,615,107 |
| CEO/Manager: | Jeffrey L Hayes |
| Chairperson: | Timothy K Stoneking |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,361,608 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 21,911,988 |
| Unsecured Loans | 7,011,707 |
| Other Loans | 86,664,816 |
| TOTAL LOANS | 115,588,514 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,023,664 |
| Land And Building | 4,225,086 |
| Other Fixed Assets | 513,957 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,372,248 |
| All Other Assets | 0 |
| TOTAL ASSETS | 158,615,107 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 464,671 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 994,566 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 15,418,184 |
| Regular shares | 38,357,370 |
| All Other Shares & Deposits | 88,664,340 |
| TOTAL SHARES & DEPOSITS | 142,439,896 |
| TOTAL LIABILITIES | 143,899,133 |
| Regular Reserve | 0 |
| Other Reserves | 6,750,000 |
| Undivided Earnings | 7,965,974 |
| TOTAL EQUITY | 14,715,974 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 158,615,107 |
| INCOME & EXPENSE | |
| Loan Income | 6,533,648 |
| Investment Income | 961,090 |
| Other Income | 320,481 |
| Total Employee Compensation & Benefits | 1,972,426 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,014,792 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,281,341 |
| Cost of Funds | 2,996,800 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 78,049 |
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