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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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