Dec, 31, 2023 — CITIES CREDIT UNION is a federally insured state chartered credit union headquartered in VADNAIS HEIGHTS, MN with 1 branch location and about $34.33 million in total assets. Opened 88 years ago in 1936, CITIES CREDIT UNION has about 2,358 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CITIES CREDIT UNION |
|---|---|
| Address: (Main Office) | 3625 Talmage Cir VADNAIS HEIGHTS, MN 55110 |
| Phone: | (651) 426-3773 |
| Fax: | (651) 426-0832 |
| Website: | https://www.citiescu.org |
| Branches: | 1 branch locations |
| Members: | 2,358 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63109 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $34,334,348 |
| CEO/Manager: | Michael R Enright |
| Chairperson: | Daniel L Pederson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 486,745 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,390,913 |
| Unsecured Loans | 680,172 |
| Other Loans | 14,390,077 |
| TOTAL LOANS | 16,461,165 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -179,348 |
| Land And Building | 561,450 |
| Other Fixed Assets | 76,011 |
| NCUSIF Deposit | 339,593 |
| All Other Assets | 0 |
| TOTAL ASSETS | 34,334,348 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 227,696 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 8,526,032 |
| Regular shares | 12,422,708 |
| All Other Shares & Deposits | 10,473,594 |
| TOTAL SHARES & DEPOSITS | 31,422,336 |
| TOTAL LIABILITIES | 31,650,032 |
| Regular Reserve | 0 |
| Other Reserves | 875,689 |
| Undivided Earnings | 1,808,627 |
| TOTAL EQUITY | 2,684,316 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 34,334,348 |
| INCOME & EXPENSE | |
| Loan Income | 893,932 |
| Investment Income | 321,740 |
| Other Income | 86,811 |
| Total Employee Compensation & Benefits | 419,179 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 869,608 |
| Non-operating Income & (Expense) | 45,034 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 136,000 |
| Cost of Funds | 70,707 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -5,591 |
| ↑ Back to Top | |