Dec, 31, 2023 — FORT DODGE FAMILY CREDIT UNION is a federally insured state chartered credit union headquartered in FORT DODGE, IA with 2 branch locations and about $38.40 million in total assets. Opened 84 years ago in 1940, FORT DODGE FAMILY CREDIT UNION has about 3,975 members and employs 14 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FORT DODGE FAMILY CREDIT UNION |
|---|---|
| Address: (Main Office) | 407 2nd Ave S FORT DODGE, IA 50501 |
| Phone: | (515) 573-1160 |
| Fax: | (515) 573-1153 |
| Website: | https://www.fdfcu.com |
| Branches: | 2 branch locations |
| Members: | 3,975 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63159 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1940 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $38,399,261 |
| CEO/Manager: | Julie M Pingel |
| Chairperson: | Chris Hanson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,422,949 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,071,989 |
| Unsecured Loans | 4,557,303 |
| Other Loans | 17,059,908 |
| TOTAL LOANS | 25,689,200 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -886,370 |
| Land And Building | 969,928 |
| Other Fixed Assets | 100,403 |
| NCUSIF Deposit | 340,691 |
| All Other Assets | 0 |
| TOTAL ASSETS | 38,399,261 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 564,589 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,027,402 |
| Regular shares | 9,410,670 |
| All Other Shares & Deposits | 18,452,779 |
| TOTAL SHARES & DEPOSITS | 32,890,851 |
| TOTAL LIABILITIES | 33,455,440 |
| Regular Reserve | 0 |
| Other Reserves | 1,015,000 |
| Undivided Earnings | 3,928,821 |
| TOTAL EQUITY | 4,943,821 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 38,399,261 |
| INCOME & EXPENSE | |
| Loan Income | 1,680,548 |
| Investment Income | 576,982 |
| Other Income | 267,777 |
| Total Employee Compensation & Benefits | 711,465 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 689,058 |
| Non-operating Income & (Expense) | 25,410 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 399,619 |
| Cost of Funds | 573,969 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 323,221 |
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