Dec, 31, 2023 — NEBRASKA RURAL COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in MORRILL, NE with 2 branch locations and about $3.32 million in total assets. Opened 21 years ago in 2003, NEBRASKA RURAL COMMUNITY FEDERAL CREDIT UNION has about 578 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NEBRASKA RURAL COMMUNITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 127 Center Ave MORRILL, NE 69358 |
| Phone: | (308) 247-2026 |
| Fax: | (308) 247-2027 |
| Website: | https://www.nrcfcu.com |
| Branches: | 2 branch locations |
| Members: | 578 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24695 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 2003 |
| Last Audited: | Apr 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $3,320,441 |
| CEO/Manager: | Cathy Minter |
| Chairperson: | David Howell |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 238,131 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 925,325 |
| Unsecured Loans | 33,188 |
| Other Loans | 1,559,106 |
| TOTAL LOANS | 2,517,619 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -34,676 |
| Land And Building | 112,761 |
| Other Fixed Assets | 3,263 |
| NCUSIF Deposit | 26,317 |
| All Other Assets | 0 |
| TOTAL ASSETS | 3,320,441 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 10,792 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 80,000 |
| Share Drafts | 0 |
| Regular shares | 959,937 |
| All Other Shares & Deposits | 1,968,333 |
| TOTAL SHARES & DEPOSITS | 2,928,270 |
| TOTAL LIABILITIES | 3,019,062 |
| Regular Reserve | 0 |
| Other Reserves | 66,943 |
| Undivided Earnings | 234,436 |
| TOTAL EQUITY | 301,379 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,320,441 |
| INCOME & EXPENSE | |
| Loan Income | 190,022 |
| Investment Income | 16,339 |
| Other Income | 34,927 |
| Total Employee Compensation & Benefits | 79,514 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 85,530 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 12,000 |
| Cost of Funds | 56,423 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 7,821 |
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