Sep, 30, 2025 — NEBO CREDIT UNION is a federally insured state chartered credit union headquartered in SPRINGVILLE, UT with 3 branch locations and about $144.88 million in total assets. Opened 70 years ago in 1956, NEBO CREDIT UNION has about 12,976 members and employs 40 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NEBO CREDIT UNION |
|---|---|
| Address: (Main Office) | 730 E 300 S SPRINGVILLE, UT 84663 |
| Phone: | (801) 491-3691 |
| Fax: | (801) 491-3693 |
| Website: | https://www.nebocreditunion.org |
| Branches: | 3 branch locations |
| Members: | 12,976 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67146 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $144,883,462 |
| CEO/Manager: | Dale J Phelps |
| Chairperson: | MARK CHRISTENSEN |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 13,043,585 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 35,733,283 |
| Unsecured Loans | 4,280,969 |
| Other Loans | 63,434,248 |
| TOTAL LOANS | 103,448,500 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -567,752 |
| Land And Building | 3,903,383 |
| Other Fixed Assets | 338,492 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,135,533 |
| All Other Assets | 353,396 |
| TOTAL ASSETS | 144,883,462 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 251,264 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 240,396 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 17,517,684 |
| Regular shares | 47,492,622 |
| All Other Shares & Deposits | 55,874,383 |
| TOTAL SHARES & DEPOSITS | 120,884,689 |
| TOTAL LIABILITIES | 121,376,349 |
| Regular Reserve | 0 |
| Other Reserves | -671,524 |
| Undivided Earnings | 24,178,637 |
| TOTAL EQUITY | 23,507,113 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 144,883,462 |
| INCOME & EXPENSE | |
| Loan Income | 4,899,902 |
| Investment Income | 376,319 |
| Other Income | 631,315 |
| Total Employee Compensation & Benefits | 2,322,419 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,813,125 |
| Non-operating Income & (Expense) | 82 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 545,298 |
| Cost of Funds | 1,414,533 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 453,287 |
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