Sep, 30, 2025 — NORTH IOWA COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in MASON CITY, IA with 2 branch locations and about $120.73 million in total assets. Opened 70 years ago in 1956, NORTH IOWA COMMUNITY CREDIT UNION has about 11,422 members and employs 28 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 IOWA COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 640 S FEDERAL AVE MASON CITY, IA 50401 |
| Phone: | (641) 424-2281 |
| Fax: | (641) 424-6013 |
| Website: | https://www.niccu.com |
| Branches: | 2 branch locations |
| Members: | 11,422 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 64191 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $120,734,443 |
| CEO/Manager: | SCOTT J SHIPMAN |
| Chairperson: | MARK BROSZ |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,964,324 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 25,980,042 |
| Unsecured Loans | 2,100,846 |
| Other Loans | 82,418,122 |
| TOTAL LOANS | 110,689,265 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -606,228 |
| Land And Building | 2,233,158 |
| Other Fixed Assets | 1,069,559 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,008,254 |
| All Other Assets | 0 |
| TOTAL ASSETS | 120,734,443 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 927 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,753,921 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 17,602,816 |
| Regular shares | 21,560,750 |
| All Other Shares & Deposits | 68,334,337 |
| TOTAL SHARES & DEPOSITS | 107,497,903 |
| TOTAL LIABILITIES | 109,252,751 |
| Regular Reserve | 0 |
| Other Reserves | 6,054,896 |
| Undivided Earnings | 5,426,796 |
| TOTAL EQUITY | 11,481,692 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 120,734,443 |
| INCOME & EXPENSE | |
| Loan Income | 5,794,729 |
| Investment Income | 212,710 |
| Other Income | 372,554 |
| Total Employee Compensation & Benefits | 1,868,689 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,672,871 |
| Non-operating Income & (Expense) | 5,190 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 330,495 |
| Cost of Funds | 1,730,549 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,205,803 |
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