Dec, 31, 2023 — NEIMAN MARCUS GROUP EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in DALLAS, TX with 1 branch location and about $10.76 million in total assets. Opened 75 years ago in 1949, NEIMAN MARCUS GROUP EMPLOYEES FEDERAL CREDIT UNION has about 2,756 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: | NEIMAN MARCUS GROUP EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1618 Main St DALLAS, TX 75201-4720 |
| Phone: | (214) 573-5322 |
| Fax: | (214) 573-5912 |
| Website: | https://www.neimanmarcusfcu.com |
| Branches: | 1 branch locations |
| Members: | 2,756 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6304 |
|---|---|
| Membership Type: | Manufacturing - All Other |
| Corporate Credit Union: | No |
| Year Opened: | 1949 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $10,760,366 |
| CEO/Manager: | Deborah A Lohrke |
| Chairperson: | KURT BEALL |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 786,873 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 3,137,417 |
| Other Loans | 3,564,604 |
| TOTAL LOANS | 6,702,021 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -107,313 |
| Land And Building | 0 |
| Other Fixed Assets | 28,166 |
| NCUSIF Deposit | 100,893 |
| All Other Assets | 0 |
| TOTAL ASSETS | 10,760,366 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 17,699 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 132,029 |
| Regular shares | 9,023,595 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 9,155,624 |
| TOTAL LIABILITIES | 9,173,323 |
| Regular Reserve | 0 |
| Other Reserves | 93,966 |
| Undivided Earnings | 1,493,077 |
| TOTAL EQUITY | 1,587,043 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 10,760,366 |
| INCOME & EXPENSE | |
| Loan Income | 484,142 |
| Investment Income | 143,592 |
| Other Income | 128,206 |
| Total Employee Compensation & Benefits | 295,275 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 231,322 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 64,279 |
| Cost of Funds | 102,805 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 63,961 |
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