Jun, 30, 2024 — NICKEL STEEL FEDERAL CREDIT UNION is a federal credit union headquartered in LIMA, OH with 1 branch location and about $6.29 million in total assets. Opened 71 years ago in 1953, NICKEL STEEL FEDERAL CREDIT UNION has about 600 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NICKEL STEEL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1067 s main st LIMA, OH 45804-2043 |
| Phone: | (419) 224-7861 |
| Fax: | (419) 224-2607 |
| Website: | https://www.nickelsteelfcu.com |
| Branches: | 1 branch locations |
| Members: | 600 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9000 |
|---|---|
| Membership Type: | Multiple common bond - Primarily primary and fabricated metals |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Sep 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $6,286,301 |
| CEO/Manager: | rikki r hatton |
| Chairperson: | john altenbach |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 575,441 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 251,529 |
| Unsecured Loans | 607,874 |
| Other Loans | 1,952,022 |
| TOTAL LOANS | 2,811,425 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,070 |
| Land And Building | 7,322 |
| Other Fixed Assets | 20,339 |
| NCUSIF Deposit | 47,914 |
| All Other Assets | 0 |
| TOTAL ASSETS | 6,286,301 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 8,071 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,037,065 |
| Regular shares | 3,119,035 |
| All Other Shares & Deposits | 628,944 |
| TOTAL SHARES & DEPOSITS | 4,785,044 |
| TOTAL LIABILITIES | 4,793,115 |
| Regular Reserve | 0 |
| Other Reserves | 131,407 |
| Undivided Earnings | 1,361,779 |
| TOTAL EQUITY | 1,493,186 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 6,286,301 |
| INCOME & EXPENSE | |
| Loan Income | 127,768 |
| Investment Income | 15,621 |
| Other Income | 50,155 |
| Total Employee Compensation & Benefits | 118,125 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 68,863 |
| Non-operating Income & (Expense) | 55,245 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,314 |
| Cost of Funds | 4,248 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 56,510 |
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