NORTHSTAR CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.nscu.org for more information.
Dec, 31, 2023 — NORTHSTAR CREDIT UNION is a federally insured state chartered credit union headquartered in Warrenville, IL with 4 branch locations and about $211.77 million in total assets. Opened 53 years ago in 1971, NORTHSTAR CREDIT UNION has about 16,014 members and employs 44 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NORTHSTAR CREDIT UNION |
|---|---|
| Address: (Main Office) | 3S555 Winfield Rd Warrenville, IL 60555 |
| Phone: | (630) 393-7201 |
| Fax: | (630) 393-7188 |
| Website: | https://www.nscu.org |
| Branches: | 4 branch locations |
| Members: | 16,014 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68214 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1971 |
| Last Audited: | Jun 01, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $211,773,221 |
| CEO/Manager: | Lloyd Fredendall |
| Chairperson: | Joseph T Joseph |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 26,856,481 |
| TOTAL INVESTMENTS | 11,583,037 |
| Loans Held for Sale | 1,328,200 |
| Real Estate Loans | 46,105,415 |
| Unsecured Loans | 10,319,374 |
| Other Loans | 104,048,560 |
| TOTAL LOANS | 160,580,769 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,743,005 |
| Land And Building | 6,372,708 |
| Other Fixed Assets | 316,316 |
| NCUSIF Deposit | 1,676,779 |
| All Other Assets | 4,801,936 |
| TOTAL ASSETS | 211,773,221 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,738,043 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 39,793,076 |
| Regular shares | 42,500,315 |
| All Other Shares & Deposits | 103,386,662 |
| TOTAL SHARES & DEPOSITS | 185,680,053 |
| TOTAL LIABILITIES | 188,418,096 |
| Regular Reserve | 3,200,000 |
| Other Reserves | 8,817,204 |
| Undivided Earnings | 11,337,921 |
| TOTAL EQUITY | 23,355,125 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 211,773,221 |
| INCOME & EXPENSE | |
| Loan Income | 8,687,819 |
| Investment Income | 608,110 |
| Other Income | 2,715,252 |
| Total Employee Compensation & Benefits | 3,603,874 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,985,485 |
| Non-operating Income & (Expense) | 16,236 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,610,000 |
| Cost of Funds | 1,086,023 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,742,035 |
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