Dec, 31, 2023 — DULUTH POLICE DEPARTMENT EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in DULUTH, MN with 1 branch location and about $8.97 million in total assets. Opened 90 years ago in 1934, DULUTH POLICE DEPARTMENT EMPLOYEES CREDIT UNION has about 709 members and employs 3 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 POLICE DEPARTMENT EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 2030 N Arlington Ave DULUTH, MN 55811 |
| Phone: | (218) 730-5140 |
| Fax: | (218) 730-5910 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 709 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 64359 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $8,967,289 |
| CEO/Manager: | Thomas D Ehle |
| Chairperson: | John F Kalenowski |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 255,905 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 87,587 |
| Other Loans | 4,792,277 |
| TOTAL LOANS | 4,879,864 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -25,000 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 93,519 |
| All Other Assets | 0 |
| TOTAL ASSETS | 8,967,289 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 350,000 |
| Accounts Payable & Other Liabilities | 0 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 7,010,494 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 7,010,494 |
| TOTAL LIABILITIES | 7,360,494 |
| Regular Reserve | 0 |
| Other Reserves | 194,037 |
| Undivided Earnings | 1,412,758 |
| TOTAL EQUITY | 1,606,795 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 8,967,289 |
| INCOME & EXPENSE | |
| Loan Income | 176,711 |
| Investment Income | 65,130 |
| Other Income | 0 |
| Total Employee Compensation & Benefits | 81,589 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 43,543 |
| Non-operating Income & (Expense) | 500 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 69,807 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 26,588 |
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