Dec, 31, 2023 — NORTHEAST CREDIT UNION is a federally insured state chartered credit union headquartered in PORTSMOUTH, NH with 21 branch locations and about $1.95 billion in total assets. Opened 88 years ago in 1936, NORTHEAST CREDIT UNION has about 154,011 members and employs 408 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | NORTHEAST CREDIT UNION |
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Address: (Main Office) | 100 Borthwick Ave PORTSMOUTH, NH 03801 |
Phone: | (603) 436-1847 |
Fax: | (603) 436-3810 |
Website: | https://www.necu.org |
Branches: | 21 branch locations |
Members: | 154,011 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68219 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,947,641,077 |
CEO/Manager: | Christopher Parker |
Chairperson: | Raymond L Bald |
ASSETS: | $ Amount |
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Cash & Equivalents | 121,001,309 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 285,800 |
Real Estate Loans | 730,922,995 |
Unsecured Loans | 116,510,781 |
Other Loans | 776,657,132 |
TOTAL LOANS | 1,624,090,908 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -8,817,309 |
Land And Building | 35,513,981 |
Other Fixed Assets | 3,648,538 |
NCUSIF Deposit | 16,091,426 |
All Other Assets | 5,734 |
TOTAL ASSETS | 1,947,641,077 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 9,188 |
Notes & Interest Payable | 117,907,443 |
Accounts Payable & Other Liabilities | 25,441,029 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 407,501,334 |
Regular shares | 589,962,430 |
All Other Shares & Deposits | 614,358,911 |
TOTAL SHARES & DEPOSITS | 1,611,822,675 |
TOTAL LIABILITIES | 1,755,180,335 |
Regular Reserve | 0 |
Other Reserves | 17,785,366 |
Undivided Earnings | 174,675,376 |
TOTAL EQUITY | 192,460,742 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,947,641,077 |
INCOME & EXPENSE | |
Loan Income | 73,285,554 |
Investment Income | 8,471,719 |
Other Income | 7,186,130 |
Total Employee Compensation & Benefits | 39,759,988 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 34,504,946 |
Non-operating Income & (Expense) | 31,641 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,207,894 |
Cost of Funds | 11,747,692 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 13,688,574 |
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