Dec, 31, 2023 — CO-OP CREDIT UNION OF MONTEVIDEO is a federally insured state chartered credit union headquartered in MONTEVIDEO, MN with 4 branch locations and about $359.05 million in total assets. Opened 84 years ago in 1940, CO-OP CREDIT UNION OF MONTEVIDEO has about 16,779 members and employs 52 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CO-OP CREDIT UNION OF MONTEVIDEO |
---|---|
Address: (Main Office) | 2407 E Highway 7 MONTEVIDEO, MN 56265-3151 |
Phone: | (320) 269-2117 |
Fax: | (320) 269-2118 |
Website: | https://www.co-opcreditunion.com |
Branches: | 4 branch locations |
Members: | 16,779 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 62419 |
---|---|
Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1940 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $359,049,095 |
CEO/Manager: | Kayla Reiffenberger |
Chairperson: | Jason French |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 11,670,791 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 428,000 |
Real Estate Loans | 101,733,777 |
Unsecured Loans | 2,468,219 |
Other Loans | 127,769,234 |
TOTAL LOANS | 233,806,666 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,662,944 |
Land And Building | 6,127,381 |
Other Fixed Assets | 553,895 |
NCUSIF Deposit | 2,805,811 |
All Other Assets | 64,870 |
TOTAL ASSETS | 359,049,095 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 5,628,408 |
Accounts Payable & Other Liabilities | 2,982,855 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 72,207,486 |
Regular shares | 106,232,990 |
All Other Shares & Deposits | 120,470,976 |
TOTAL SHARES & DEPOSITS | 298,911,452 |
TOTAL LIABILITIES | 307,522,715 |
Regular Reserve | 0 |
Other Reserves | 33,650 |
Undivided Earnings | 51,492,730 |
TOTAL EQUITY | 51,526,380 |
TOTAL LIABILITIES, SHARES, & EQUITY | 359,049,095 |
INCOME & EXPENSE | |
Loan Income | 12,117,552 |
Investment Income | 2,368,720 |
Other Income | 703,362 |
Total Employee Compensation & Benefits | 4,227,972 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,606,613 |
Non-operating Income & (Expense) | -5,924 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 554,286 |
Cost of Funds | 4,314,275 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 4,251,007 |
↑ Back to Top |