Dec, 31, 2023 — UNITED SAVINGS CREDIT UNION is a federally insured state chartered credit union headquartered in FARGO, ND with 4 branch locations and about $93.26 million in total assets. Opened 89 years ago in 1935, UNITED SAVINGS CREDIT UNION has about 5,620 members and employs 25 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | UNITED SAVINGS CREDIT UNION |
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Address: (Main Office) | 1001 1st Ave N FARGO, ND 58102 |
Phone: | (701) 235-2832 |
Fax: | (701) 235-8376 |
Website: | https://www.unitedsavingscu.org |
Branches: | 4 branch locations |
Members: | 5,620 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 65578 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1935 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $93,264,085 |
CEO/Manager: | Jim Schaefbauer |
Chairperson: | Keith A Hansen |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,999,087 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 38,454,493 |
Unsecured Loans | 2,936,384 |
Other Loans | 27,622,003 |
TOTAL LOANS | 71,962,569 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -805,272 |
Land And Building | 2,464,415 |
Other Fixed Assets | 442,346 |
NCUSIF Deposit | 792,928 |
All Other Assets | 11,544 |
TOTAL ASSETS | 93,264,085 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 80,280 |
Notes & Interest Payable | 2,510,000 |
Accounts Payable & Other Liabilities | 332,316 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 15,916,422 |
Regular shares | 25,124,933 |
All Other Shares & Deposits | 37,680,925 |
TOTAL SHARES & DEPOSITS | 78,722,280 |
TOTAL LIABILITIES | 81,644,876 |
Regular Reserve | 0 |
Other Reserves | 691,078 |
Undivided Earnings | 10,928,131 |
TOTAL EQUITY | 11,619,209 |
TOTAL LIABILITIES, SHARES, & EQUITY | 93,264,085 |
INCOME & EXPENSE | |
Loan Income | 3,672,546 |
Investment Income | 721,588 |
Other Income | 727,149 |
Total Employee Compensation & Benefits | 2,299,036 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,369,599 |
Non-operating Income & (Expense) | -12 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 250,375 |
Cost of Funds | 760,724 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 599,861 |
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