Dec, 31, 2023 — ASPIRE COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in MINOT, ND with 1 branch location and about $166.34 million in total assets. Opened 87 years ago in 1937, ASPIRE COMMUNITY FEDERAL CREDIT UNION has about 6,439 members and employs 22 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ASPIRE COMMUNITY FEDERAL CREDIT UNION |
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Address: (Main Office) | 1430 S BROADWAY MINOT, ND 58701-5933 |
Phone: | (701) 837-5353 |
Fax: | (701) 837-5393 |
Website: | https://aspire.creditunion |
Branches: | 1 branch locations |
Members: | 6,439 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 1888 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1937 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $166,343,582 |
CEO/Manager: | Kevin Vigested |
Chairperson: | JASON ROHRER |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,603,058 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 114,768,410 |
Unsecured Loans | 2,148,901 |
Other Loans | 28,101,882 |
TOTAL LOANS | 145,019,193 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -923,201 |
Land And Building | 1,251,174 |
Other Fixed Assets | 61,328 |
NCUSIF Deposit | 1,268,045 |
All Other Assets | 135,236 |
TOTAL ASSETS | 166,343,582 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 274,998 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 36,018 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 23,657,920 |
Regular shares | 25,749,073 |
All Other Shares & Deposits | 94,528,589 |
TOTAL SHARES & DEPOSITS | 143,935,581 |
TOTAL LIABILITIES | 144,246,597 |
Regular Reserve | 0 |
Other Reserves | -829,832 |
Undivided Earnings | 22,926,817 |
TOTAL EQUITY | 22,096,985 |
TOTAL LIABILITIES, SHARES, & EQUITY | 166,343,582 |
INCOME & EXPENSE | |
Loan Income | 5,242,585 |
Investment Income | 255,495 |
Other Income | 552,511 |
Total Employee Compensation & Benefits | 1,991,746 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,399,680 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 35,500 |
Cost of Funds | 1,614,981 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,479,010 |
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