Jun, 30, 2024 — NEBO CREDIT UNION is a federally insured state chartered credit union headquartered in SPRINGVILLE, UT with 3 branch locations and about $134.90 million in total assets. Opened 68 years ago in 1956, NEBO CREDIT UNION has about 13,759 members and employs 39 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: | 13,759 |
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $134,898,210 |
| CEO/Manager: | Dale J Phelps |
| Chairperson: | Frances Larsen |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,739,838 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 28,070,080 |
| Unsecured Loans | 3,540,566 |
| Other Loans | 67,952,762 |
| TOTAL LOANS | 99,563,408 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -318,183 |
| Land And Building | 2,742,033 |
| Other Fixed Assets | 385,578 |
| NCUSIF Deposit | 1,074,558 |
| All Other Assets | 191,225 |
| TOTAL ASSETS | 134,898,210 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 47,432 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 769,876 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 18,311,558 |
| Regular shares | 59,875,170 |
| All Other Shares & Deposits | 36,944,018 |
| TOTAL SHARES & DEPOSITS | 115,130,746 |
| TOTAL LIABILITIES | 115,948,054 |
| Regular Reserve | 0 |
| Other Reserves | -2,997,638 |
| Undivided Earnings | 21,947,794 |
| TOTAL EQUITY | 18,950,156 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 134,898,210 |
| INCOME & EXPENSE | |
| Loan Income | 3,371,084 |
| Investment Income | 232,648 |
| Other Income | 714,390 |
| Total Employee Compensation & Benefits | 1,963,211 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,473,043 |
| Non-operating Income & (Expense) | -48 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 212,000 |
| Cost of Funds | 257,605 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,218,168 |
| ↑ Back to Top | |