Dec, 31, 2023 — N.E.W. CREDIT UNION is a federally insured state chartered credit union headquartered in OCONTO FALLS, WI with 7 branch locations and about $150.38 million in total assets. Opened 62 years ago in 1962, N.E.W. CREDIT UNION has about 12,125 members and employs 42 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.E.W. CREDIT UNION |
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Address: (Main Office) | 301 Jackson St OCONTO FALLS, WI 54154-1120 |
Phone: | (920) 848-2793 |
Fax: | (920) 848-4295 |
Website: | https://www.newcu.org |
Branches: | 7 branch locations |
Members: | 12,125 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67017 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1962 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $150,380,477 |
CEO/Manager: | Lisa A Gilligan |
Chairperson: | William Kamke |
ASSETS: | $ Amount |
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Cash & Equivalents | 5,947,886 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 39,925,324 |
Unsecured Loans | 2,573,968 |
Other Loans | 33,053,242 |
TOTAL LOANS | 75,552,534 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -208,639 |
Land And Building | 1,080,534 |
Other Fixed Assets | 189,768 |
NCUSIF Deposit | 1,338,090 |
All Other Assets | 0 |
TOTAL ASSETS | 150,380,477 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 219,237 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,068,724 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 30,598,164 |
Regular shares | 68,141,717 |
All Other Shares & Deposits | 34,707,702 |
TOTAL SHARES & DEPOSITS | 133,447,583 |
TOTAL LIABILITIES | 135,735,544 |
Regular Reserve | 0 |
Other Reserves | 1,158,173 |
Undivided Earnings | 13,486,760 |
TOTAL EQUITY | 14,644,933 |
TOTAL LIABILITIES, SHARES, & EQUITY | 150,380,477 |
INCOME & EXPENSE | |
Loan Income | 3,146,494 |
Investment Income | 1,443,758 |
Other Income | 431,794 |
Total Employee Compensation & Benefits | 2,136,930 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,521,067 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 53,598 |
Cost of Funds | 497,225 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 537,946 |
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