Dec, 31, 2022 — NORTHEAST SCHOOLS AND HOSPITAL CREDIT UNION is a federally insured state chartered credit union headquartered in NEWPORT, VT with 0 branch location and about $6.00 million in total assets. Opened 54 years ago in 1969, NORTHEAST SCHOOLS AND HOSPITAL CREDIT UNION has about 1,124 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NORTHEAST SCHOOLS AND HOSPITAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 189 E Main St Ste C NEWPORT, VT 05855-5562 |
| Phone: | (802) 334-1844 |
| Fax: | |
| Website: | https://nshcu.virtualcu.net |
| Branches: | 0 branch locations |
| Members: | 1,124 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 64462 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1969 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $6,002,269 |
| CEO/Manager: | Linn D Elko |
| Chairperson: | Mary P Clark |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,949,019 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,298,345 |
| Other Loans | 938,191 |
| TOTAL LOANS | 2,236,536 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -23,223 |
| Land And Building | 0 |
| Other Fixed Assets | 14,979 |
| NCUSIF Deposit | 56,953 |
| All Other Assets | 0 |
| TOTAL ASSETS | 6,002,269 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,714 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 10,449 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 310,444 |
| Regular shares | 4,575,688 |
| All Other Shares & Deposits | 535,594 |
| TOTAL SHARES & DEPOSITS | 5,421,726 |
| TOTAL LIABILITIES | 5,434,889 |
| Regular Reserve | 0 |
| Other Reserves | 127,928 |
| Undivided Earnings | 439,452 |
| TOTAL EQUITY | 567,380 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 6,002,269 |
| INCOME & EXPENSE | |
| Loan Income | 129,898 |
| Investment Income | 4,475 |
| Other Income | 30,071 |
| Total Employee Compensation & Benefits | 108,954 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 75,428 |
| Non-operating Income & (Expense) | 2,346 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -28,000 |
| Cost of Funds | 8,740 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,668 |
| ↑ Back to Top | |