Dec, 31, 2023 — DULUTH FIRE DEPARTMENT CREDIT UNION is a federally insured state chartered credit union headquartered in DULUTH, MN with 1 branch location and about $6.78 million in total assets. Opened 87 years ago in 1937, DULUTH FIRE DEPARTMENT CREDIT UNION has about 352 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: | DULUTH FIRE DEPARTMENT CREDIT UNION |
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Address: (Main Office) | 602 W 2nd St DULUTH, MN 55802 |
Phone: | (218) 723-8357 |
Fax: | (218) 722-2702 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 352 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 60750 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1937 |
Last Audited: | Jul 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $6,784,363 |
CEO/Manager: | David Torgerson |
Chairperson: | Chad Cooke |
ASSETS: | $ Amount |
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Cash & Equivalents | 934,865 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 109,482 |
Other Loans | 2,621,474 |
TOTAL LOANS | 2,730,956 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -13,169 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 45,711 |
All Other Assets | 0 |
TOTAL ASSETS | 6,784,363 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 0 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 2,489,365 |
All Other Shares & Deposits | 3,063,583 |
TOTAL SHARES & DEPOSITS | 5,552,948 |
TOTAL LIABILITIES | 5,552,948 |
Regular Reserve | 0 |
Other Reserves | 188,888 |
Undivided Earnings | 1,042,527 |
TOTAL EQUITY | 1,231,415 |
TOTAL LIABILITIES, SHARES, & EQUITY | 6,784,363 |
INCOME & EXPENSE | |
Loan Income | 119,854 |
Investment Income | 111,103 |
Other Income | 79 |
Total Employee Compensation & Benefits | 63,358 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 47,365 |
Non-operating Income & (Expense) | 2,726 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 72,312 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 50,727 |
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