Dec, 31, 2023 — NORTH STAR CREDIT UNION is a federally insured state chartered credit union headquartered in COOK, MN with 6 branch locations and about $97.48 million in total assets. Opened 85 years ago in 1939, NORTH STAR CREDIT UNION has about 6,276 members and employs 35 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | NORTH STAR CREDIT UNION |
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Address: (Main Office) | 24 S River St COOK, MN 55723 |
Phone: | (218) 666-5940 |
Fax: | (218) 666-2149 |
Website: | https://www.northstarcreditunion.org |
Branches: | 6 branch locations |
Members: | 6,276 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 60689 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1939 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $97,484,072 |
CEO/Manager: | Jennifer Stedt |
Chairperson: | John Korpi |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,775,869 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 53,246,373 |
Unsecured Loans | 3,987,498 |
Other Loans | 24,082,696 |
TOTAL LOANS | 81,316,568 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -257,229 |
Land And Building | 4,034,818 |
Other Fixed Assets | 882,055 |
NCUSIF Deposit | 789,116 |
All Other Assets | 0 |
TOTAL ASSETS | 97,484,072 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 47,651 |
Notes & Interest Payable | 53,842 |
Accounts Payable & Other Liabilities | 725,976 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 20,861,632 |
Regular shares | 33,530,936 |
All Other Shares & Deposits | 32,926,194 |
TOTAL SHARES & DEPOSITS | 87,318,761 |
TOTAL LIABILITIES | 88,146,230 |
Regular Reserve | 0 |
Other Reserves | 1,803,119 |
Undivided Earnings | 7,534,723 |
TOTAL EQUITY | 9,337,842 |
TOTAL LIABILITIES, SHARES, & EQUITY | 97,484,072 |
INCOME & EXPENSE | |
Loan Income | 4,041,658 |
Investment Income | 115,457 |
Other Income | 365,179 |
Total Employee Compensation & Benefits | 2,297,854 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,566,999 |
Non-operating Income & (Expense) | 513,241 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -8,361 |
Cost of Funds | 806,663 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 716,708 |
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