Dec, 31, 2023 — N.H. COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in CLAREMONT, NH with 1 branch location and about $14.36 million in total assets. Opened 65 years ago in 1959, N.H. COMMUNITY FEDERAL CREDIT UNION has about 1,576 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | N.H. COMMUNITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 98 Charlestown Rd CLAREMONT, NH 03743-5615 |
| Phone: | (603) 542-7781 |
| Fax: | (603) 543-0774 |
| Website: | https://www.nhcommunityfcu.org |
| Branches: | 1 branch locations |
| Members: | 1,576 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 12963 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $14,360,968 |
| CEO/Manager: | James C Neilsen IV |
| Chairperson: | Robert G Picard, Jr |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 805,355 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,941,929 |
| Unsecured Loans | 1,803,559 |
| Other Loans | 2,827,927 |
| TOTAL LOANS | 6,573,415 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -37,481 |
| Land And Building | 217,339 |
| Other Fixed Assets | 27,240 |
| NCUSIF Deposit | 129,989 |
| All Other Assets | 0 |
| TOTAL ASSETS | 14,360,968 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 21,046 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,334,411 |
| Regular shares | 7,351,161 |
| All Other Shares & Deposits | 2,767,215 |
| TOTAL SHARES & DEPOSITS | 13,452,787 |
| TOTAL LIABILITIES | 13,473,833 |
| Regular Reserve | 0 |
| Other Reserves | 409,340 |
| Undivided Earnings | 477,795 |
| TOTAL EQUITY | 887,135 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 14,360,968 |
| INCOME & EXPENSE | |
| Loan Income | 382,252 |
| Investment Income | 220,738 |
| Other Income | 63,965 |
| Total Employee Compensation & Benefits | 309,073 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 275,060 |
| Non-operating Income & (Expense) | 7,900 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,000 |
| Cost of Funds | 8,053 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 121,805 |
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