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NORTHERN COMMUNITIES CREDIT UNION

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.


ABA Routing Number: 291973629
Name:NORTHERN COMMUNITIES CREDIT UNION
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
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

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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