EIN 74-1383594

Nce Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
3
State
Year formed
1966
Most recent tax filings
2023-12-01
Description
Nce Credit Union strives to establish and maintain a properly managed credit union operating at maximum financial levels and rendering prompt, courteous service for all members. The Credit Union has worked diligently in closing out accounts that had a zero balance but were still opened, resulting in a decline of share and share draft accounts for 2022. However, the share deposit amount increased by $328,747.00. Despite this, loan growth remains strong with a ten percent increase for year end in 2022 due to the Credit Union's monthly loan promotions.
Related structure
Nce Credit Union is child organization, under the parent exemption from Credit Union Department of Texas.
Total revenues
$384,912
2023
Total expenses
$320,948
2023
Total assets
$5,387,978
2023
Num. employees
3
2023

Program areas at Nce Credit Union

Nce Credit Union continues to be a well-capitalized financial institution, with a strong net worth ratio of 21%. To put that in perspective, a net worth ratio above 7% is considered a well-capitalized financial institution by our regulators. While Nce Credit Union showed a decrease in our loan portfolio, net worth showed an increase, assets increased, and investments increased.
Nce Credit Union encourages all members to refer family and co-workers to join our Credit Union family.
Nce works diligently to provide the best value and experience for our members, and has worked to streamline and simplify our processes where possible and continue to educate our members on ways to improve their Credit history. We want to be able to offer every one of our members the best loan interest rates possible.
Refer to exempt purpose accomplishments listed in part iii, page 2 of this return.

Personnel at Nce Credit Union

NameTitleCompensation
Paula R GarzaChief Executive Officer
Yomeida DelgadoPresident and Chief Executive Officer
Juan M EscobarChairman$0
Brenda K NunezSecretary and Treasurer$0
Marie Irene HerreraVice Chairman$0
...and 2 more key personnel

Financials for Nce Credit Union

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$327,987
Investment income and dividends$56,925
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$384,912

Form 990s for Nce Credit Union

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-13990View PDF
2022-122023-08-14990View PDF
2021-122022-01-28990View PDF
2020-122021-02-25990View PDF
2019-122020-08-28990View PDF
...and 9 more Form 990s
Data update history
October 7, 2023
Posted financials
Added Form 990 for fiscal year 2022
October 7, 2023
Updated personnel
Identified 2 new personnel
September 27, 2023
Used new vendors
Identified 1 new vendor, including
August 14, 2023
Posted financials
Added Form 990 for fiscal year 2021
May 26, 2023
Updated personnel
Identified 1 new personnel
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
State / local level
General information
Address
901 Leopard Suite 114
Corpus Christi, TX 78401
Metro area
Corpus Christi, TX
County
Nueces County, TX
Website URL
ncecreditunion.net/ 
Phone
(361) 882-4780
IRS details
EIN
74-1383594
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1966
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Child within group exemption
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