NISHNA VALLEY CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at www.nishnavalley.com for more information.
Dec, 31, 2023 — NISHNA VALLEY CREDIT UNION is a federally insured state chartered credit union headquartered in ATLANTIC, IA with 1 branch location and about $41.44 million in total assets. Opened 67 years ago in 1957, NISHNA VALLEY CREDIT UNION has about 4,575 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | NISHNA VALLEY CREDIT UNION |
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Address: (Main Office) | 200 MAPLE ST ATLANTIC, IA 50022-1128 |
Phone: | (712) 243-6645 |
Fax: | (712) 243-2872 |
Website: | www.nishnavalley.com |
Branches: | 1 branch locations |
Members: | 4,575 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 60046 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1957 |
Last Audited: | Mar 01, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $41,438,274 |
CEO/Manager: | T J Marcsisak |
Chairperson: | Jeff Nelson |
ASSETS: | $ Amount |
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Cash & Equivalents | 27,326,743 |
TOTAL INVESTMENTS | 5,778,000 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,515,503 |
Unsecured Loans | 46,550 |
Other Loans | 3,811,103 |
TOTAL LOANS | 6,373,156 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -103,194 |
Land And Building | 984,597 |
Other Fixed Assets | 44,886 |
NCUSIF Deposit | 374,310 |
All Other Assets | 659,776 |
TOTAL ASSETS | 41,438,274 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 57,286 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 10,190,375 |
Regular shares | 25,243,306 |
All Other Shares & Deposits | 3,610,279 |
TOTAL SHARES & DEPOSITS | 39,043,960 |
TOTAL LIABILITIES | 39,101,246 |
Regular Reserve | 1,013,945 |
Other Reserves | 8,337 |
Undivided Earnings | 1,314,746 |
TOTAL EQUITY | 2,337,028 |
TOTAL LIABILITIES, SHARES, & EQUITY | 41,438,274 |
INCOME & EXPENSE | |
Loan Income | 259,199 |
Investment Income | 139,493 |
Other Income | 119,879 |
Total Employee Compensation & Benefits | 443,315 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 894,441 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 31,567 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -595,468 |
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