Dec, 31, 2023 — NIKKEI CREDIT UNION is a federally insured state chartered credit union headquartered in GARDENA, CA with 2 branch locations and about $87.65 million in total assets. Opened 73 years ago in 1951, NIKKEI CREDIT UNION has about 4,426 members and employs 15 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | NIKKEI CREDIT UNION |
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Address: (Main Office) | 18425 S Western Ave GARDENA, CA 90248 |
Phone: | (310) 324-1544 |
Fax: | (310) 324-1659 |
Website: | https://www.nikkeicu.org |
Branches: | 2 branch locations |
Members: | 4,426 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 65059 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1951 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $87,650,876 |
CEO/Manager: | Jon Hernandez |
Chairperson: | Gary Nakata |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,934,316 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 59,160,796 |
Unsecured Loans | 619,597 |
Other Loans | 8,206,832 |
TOTAL LOANS | 67,987,225 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -219,475 |
Land And Building | 411,618 |
Other Fixed Assets | 338,192 |
NCUSIF Deposit | 806,182 |
All Other Assets | 0 |
TOTAL ASSETS | 87,650,876 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 875,376 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 11,430,006 |
Regular shares | 31,786,757 |
All Other Shares & Deposits | 32,742,402 |
TOTAL SHARES & DEPOSITS | 75,959,166 |
TOTAL LIABILITIES | 76,834,542 |
Regular Reserve | 0 |
Other Reserves | 81,153 |
Undivided Earnings | 10,735,181 |
TOTAL EQUITY | 10,816,334 |
TOTAL LIABILITIES, SHARES, & EQUITY | 87,650,876 |
INCOME & EXPENSE | |
Loan Income | 2,801,056 |
Investment Income | 608,851 |
Other Income | 170,149 |
Total Employee Compensation & Benefits | 1,153,883 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,148,549 |
Non-operating Income & (Expense) | 25,830 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 133,270 |
Cost of Funds | 597,471 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 620,991 |
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