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CITY AND COUNTY EMPLOYEES FEDERAL CREDIT UNION

Dec, 31, 2023 — CITY AND COUNTY EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in ALBERT LEA, MN with 1 branch location and about $25.07 million in total assets. Opened 74 years ago in 1950, CITY AND COUNTY EMPLOYEES FEDERAL CREDIT UNION has about 1,747 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:CITY AND COUNTY EMPLOYEES FEDERAL CREDIT UNION
Address:
(Main Office)
1719 W Main St
ALBERT LEA, MN 56007
Phone:(507) 373-7200
Fax:(507) 373-7205
Website:https://www.alcitycountycu.org
Branches:1 branch locations
Members:1,747
Credit Union Type:Federal Credit Union
Charter Number:24679
Membership Type:Multiple common bond - Primarily federal, state, local government
Corporate Credit Union:No
Year Opened:1950
Last Audited:Jun 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$25,071,712
CEO/Manager:Brady D Jones
Chairperson:Vickie Storlie

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,260,715
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 917,173
 Unsecured Loans 308,191
 Other Loans 3,829,994
 TOTAL LOANS 5,055,358
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -25,047
 Land And Building 203,557
 Other Fixed Assets 4,727
 NCUSIF Deposit 242,966
 All Other Assets 0
  TOTAL ASSETS 25,071,712
LIABILITIES & CAPITAL:  
 Dividends Payable 37,494
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 613,382
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 4,927,864
 Regular shares 9,595,120
 All Other Shares & Deposits 7,245,576
  TOTAL SHARES & DEPOSITS 21,768,561
  TOTAL LIABILITIES 22,419,437
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 2,652,275
  TOTAL EQUITY 2,652,275
  TOTAL LIABILITIES, SHARES, & EQUITY 25,071,712
INCOME & EXPENSE  
 Loan Income 226,045
 Investment Income 361,236
 Other Income 67,327
 Total Employee Compensation & Benefits 295,111
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 295,109
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 6,186
 Cost of Funds 143,368
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 4,381
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