Jun, 30, 2024 — NORTHERN COMMUNITIES CREDIT UNION is a federally insured state chartered credit union headquartered in DULUTH, MN with 2 branch locations and about $106.11 million in total assets. Opened 96 years ago in 1928, NORTHERN COMMUNITIES CREDIT UNION has about 6,255 members and employs 29 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | NORTHERN COMMUNITIES CREDIT UNION |
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Address: (Main Office) | 3311 W Arrowhead Rd DULUTH, MN 55811-4065 |
Phone: | (218) 279-3200 |
Fax: | (218) 279-3222 |
Website: | https://nccyou.com |
Branches: | 2 branch locations |
Members: | 6,255 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 64655 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1928 |
Last Audited: | Feb 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $106,109,984 |
CEO/Manager: | Trina Hoff |
Chairperson: | Karen Erickson |
ASSETS: | $ Amount |
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Cash & Equivalents | 23,322,020 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 28,724,084 |
Unsecured Loans | 5,691,718 |
Other Loans | 28,580,456 |
TOTAL LOANS | 62,996,258 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -248,308 |
Land And Building | 1,434,353 |
Other Fixed Assets | 259,727 |
NCUSIF Deposit | 904,644 |
All Other Assets | 6,705 |
TOTAL ASSETS | 106,109,984 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 5,519 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,140,622 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 17,356,108 |
Regular shares | 65,615,089 |
All Other Shares & Deposits | 12,120,532 |
TOTAL SHARES & DEPOSITS | 95,091,729 |
TOTAL LIABILITIES | 96,237,870 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 9,872,114 |
TOTAL EQUITY | 9,872,114 |
TOTAL LIABILITIES, SHARES, & EQUITY | 106,109,984 |
INCOME & EXPENSE | |
Loan Income | 2,078,292 |
Investment Income | 395,484 |
Other Income | 280,266 |
Total Employee Compensation & Benefits | 1,283,593 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,581,513 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 144,470 |
Cost of Funds | 35,898 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 449,366 |
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