At Northeastern Operating Engineers, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. We understand that in today's economy, knowing your credit union is financially sound brings peace of mind. With a
net worth of $7,954,590, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our
net worth ratio of 911 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. Members' savings are secured through
$3,091,705 in share certificates and
$9,511,922 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at
$0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks. With
$7,954,590 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our ability to provide
$67,168,387 in total loans and leases reflects our commitment to supporting your financial goals across various sectors. Our operational efficiency is evident as shown by our
net income of $0 for this period. This allows us to continue offering competitive loan rates and solid financial products for our members without compromising service quality. We also take pride in having
9 full-time employees and
2 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable and committed team. Total Share and Deposit Accounts stand at
3,042, indicating a strong and growing member base that trusts us with their finances. Our net shares available for lending and investments are
$100,833, demonstrating our capacity to support more loans while ensuring liquidity. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Northeastern Operating Engineers is your trusted partner. Visit us at
1616 Whitestone Expy Whitestone NY 11357 or call
718-847-8484 to learn more about how we can help you achieve your financial goals. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at:
https://www.ncua.gov, based on the latest results.
