2024-11-15T13:41:41-08:00 2023-12-31 RICHARDS & ASSOCIATES 21520 YORBA LINDA BLVD G-516 YORBA LINDA CA 92887 990 2023-01-01 952021710 NIKKEI CREDIT UNION NIKK 3103241544 18425 S WESTERN AVE GARDENA CA 90248 JAY LEE Vice President 2024-11-15 true true Richards Associates CPAs P01070543 7142876713 2023 2024-10-15 13:58:12Z JON HERNANDEZ 18425 S WESTERN AVE GARDENA CA 902483822 3654164 false X WWW.NIKKEICU.ORG X 1951 CA A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 5 5 17 9 3767 0 2104731 2801056 411831 608851 359793 244257 2876355 3654164 0 154214 597141 1072631 1153883 0 0 1048180 1282149 2275025 3033173 601330 620991 90027226 87650876 79892241 76834542 10134985 10816334 A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. false false Provided deposit and loan accounts to 4,426 members. Provided low cost source of credit and low cost financial services to our members. Provided source for member savings and checking account needs. false false false false false false false false false true false true false true false false false false false false false false false false false false false false true false true false false false false false false false false false false false false true 1148 0 true 17 true true true false false false false false false false X 5 5 false false false false true true true true false false true false true true true true true true true true false X X JON HERNANDEZ 3103241544 18425 SOUTH WESTERN AVENUE SUITE 20 GARDENA CA 90248 JON HERNANDEZ CEO 16.00 0.00 X 169128 0 9629 JAY LEE Vice President 39.00 0.00 X 149485 0 8520 GARY NAKATA Board Chair 16.00 0.00 X 0 0 0 Alyssa Tanaka Phom Board Vice Chai 4.00 0.00 X 0 0 0 RYAN SUZUKI Board Secretary 4.00 0.00 X 0 0 0 GLENN MATSUSHIMA Board Treasurer 5.00 0.00 X 0 0 0 Kenneth Matsuno BOARD MEMBER 3.00 0.00 X 0 0 0 KAREN YOSHIMURA SC CHAIR 3.00 0.00 X 0 0 0 JAMES KAWASHIMA SC Member 2.00 0.00 X 0 0 0 Caryn Sugita Richie SC MEMBER 1.00 0.00 X 0 0 0 MASAHIDE NAKAGAWA SC MEMBER 2.00 0.00 X 0 0 0 318613 18149 2 false true false 0 0 Interest on Loans 2801056 2801056 2801056 608851 608851 0 0 0 0 0 0 0 Fee Income 170149 166382 3767 Other Non-Oper Income 25830 25830 Other Operating Income 48278 48278 244257 3654164 3650397 3767 0 0 0 597141 318219 0 835664 0 0 0 0 0 0 0 0 0 189042 114961 398315 0 0 255380 62845 0 0 330 0 0 0 Provision for loan losses 133270 Loan servicing 66126 Misc Operating Expense 48209 Operating Fees 13671 0 3033173 0 0 0 476900 480380 3140462 1453936 0 0 498912 462493 0 65450835 67305257 0 0 1797861 1048051 708604 749810 0 0 18523823 15646289 0 1227690 1552711 90027226 87650876 383409 875376 79508832 75959166 79892241 76834542 X 10134985 10816334 10134985 10816334 90027226 87650876 X 620991 -69631 129989 X X false true X true false 248183 248183 539134 374638 164496 382463 230836 151627 177231 124413 52818 450850 318164 132686 749810 15646289 IRA 2002750 Money Market Shares 4290101 Regular Shares 31786757 Rounding 1 Share Certificates 26449551 Share Drafts 11430006 75959166 false false false JAY LEE Vice President 132527 7381 9577 8520 158005 JON HERNANDEZ CEO 160481 8359 288 9629 178757 Gary Nakata Chairman Mortgage X 400000 192697 false true true Alyssa Tanaka-Pham Vice Chair New Auto X 12000 10141 false false true Glenn Matsushima Treasurer Real estate X 266000 244667 false true true Glenn Matsushima Treasurer Real Estate X 100000 14988 false true true 462493 Form 990, Part VI, Section A, Line 6 NIKKEI CREDIT UNION IS A COOPERATIVE FINANCIAL INSTITUTION THAT IS OWNED AND CONTROLLED BY ITS MEMBERS, AND OPERATED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS TO ITS MEMBERS. NIKKEI CREDIT UNION DOES NOT HAVE STOCKHOLDERS. Form 990, Part VI, Section A, Line 7a EXPLANATION: THE GOVERNING BOARD OF NIKKEI CREDIT UNION IS COMPRISED OF VOLUNTEER MEMBERS WHO ARE DIRECTLY ELECTED BY ITS MEMBERS. EACH MEMBER OF THE GOVERNING BOARD SERVES FOR A PERIOD AS PRESCRIBED BY OUR BY-LAWS Form 990, Part VI, Section A, Line 7b EXPLANATION: AT THE END OF EACH TERM OF THE BOARD MEMBERS, ELECTIONS ARE HELD AND BOARD MEMBERS ARE VOTED BY THE MEMBERS OF THE CREDIT UNION PURSUANT TO ITS BY-LAWS. MEMBER VOTES ARE ALSO REQUIRED TO RATIFY DECISIONS DEALING WITH REORGANIZATIONS AS IN THE CASE ORF MERGER OF DISSOLUTION. Form 990, Part VI, Section A, Line 8b EXPLANATION: THE GOVERNING BODY HAS NOT DELEGATED BOARD AUTHORITY TO ANY COMMITTEE TO ACT ON ITS BEHALF. Form 990, Part VI, Section B, Line 11b EXPLANATION: THE BOARD AND MANAGEMENT REVIEW THE FORM 990 DURING THE BOARD MEETING AND PROVIDE COMMENTS AND MODIFICATIONS WHERE NECESSARY. Form 990, Part VI, Section B, Line 12c EXPLANATION: THE BOARD, STAFF, AND MANAGEMENT OF THE ORGANIZATION REVIEW THE CONFLICT OF INTEREST POLICY AND ACKNOWLEDGE COMPLIANCE ON AN ANNUAL BASIS. Form 990, Part VI, Section B, Line 15a EXPLANATION: THE BOARD AND MANAGEMENT REVIEW THE SALARY SURVEY AND DECISIONS ON CHANGES ARE MADE WHERE APPROPRIATE. Form 990, Part VI, Section B, Line 15b EXPLANATION: THE BOARD AND MANAGEMENT REVIEW THE SALARY SURVEY AND DECISIONS ON CHANGES ARE MADE WHERE APPROPRIATE. Form 990, Part VI, Section C, Line 19 THE FINANACIAL STATEMENTS ARE POSTED MONTHLY AT EACH BRANCH.THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AREAVAILABLE UPON REQUEST. Form 990, Part XI, Line 9 Accumulated Unrealized Gains on Available for Sale Debt Secu = $129989 Form 990, Part XII, Line 2c EXPLANATION: THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELESCTION PROCESS DURING THE TAX YEAR.