Dec, 31, 2023 — NORTH STAR COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in CHEROKEE, IA with 3 branch locations and about $153.74 million in total assets. Opened 52 years ago in 1972, NORTH STAR COMMUNITY CREDIT UNION has about 11,741 members and employs 31 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NORTH STAR COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 1207 N. 2nd St. CHEROKEE, IA 51012 |
| Phone: | (712) 225-5731 |
| Fax: | (712) 225-2249 |
| Website: | https://www.nsccu.org |
| Branches: | 3 branch locations |
| Members: | 11,741 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62638 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1972 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $153,736,460 |
| CEO/Manager: | Jeffrey L Hayes |
| Chairperson: | Timothy K Stoneking |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 16,966,803 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 18,009,774 |
| Unsecured Loans | 7,493,337 |
| Other Loans | 84,834,144 |
| TOTAL LOANS | 110,337,255 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -782,127 |
| Land And Building | 4,443,810 |
| Other Fixed Assets | 777,658 |
| NCUSIF Deposit | 1,246,132 |
| All Other Assets | 0 |
| TOTAL ASSETS | 153,736,460 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 378,610 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,538,451 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 16,592,103 |
| Regular shares | 44,686,633 |
| All Other Shares & Deposits | 76,931,608 |
| TOTAL SHARES & DEPOSITS | 138,210,345 |
| TOTAL LIABILITIES | 140,127,406 |
| Regular Reserve | 0 |
| Other Reserves | 6,250,000 |
| Undivided Earnings | 7,359,054 |
| TOTAL EQUITY | 13,609,054 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 153,736,460 |
| INCOME & EXPENSE | |
| Loan Income | 6,806,264 |
| Investment Income | 978,194 |
| Other Income | 410,779 |
| Total Employee Compensation & Benefits | 2,064,156 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,441,898 |
| Non-operating Income & (Expense) | -28 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 747,967 |
| Cost of Funds | 2,314,669 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,343,374 |
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