Credit Unions Near Me
National Credit Union Service Organization

ELY AREA CREDIT UNION

Dec, 31, 2023 — ELY AREA CREDIT UNION is a federally insured state chartered credit union headquartered in ELY, MN with 2 branch locations and about $64.99 million in total assets. Opened 86 years ago in 1938, ELY AREA CREDIT UNION has about 4,558 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 291273882
Name:ELY AREA CREDIT UNION
Address:
(Main Office)
2 E Chapman St
ELY, MN 55731
Phone:(218) 365-3131
Fax:(218) 365-3045
Website:https://www.elyareacu.org
Branches:2 branch locations
Members:4,558
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:63398
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1938
Last Audited:Dec 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$64,991,555
CEO/Manager:Mark S Krekelberg
Chairperson:Anthony Gornik

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 6,852,427
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 12,941,027
 Unsecured Loans 1,232,500
 Other Loans 9,647,401
 TOTAL LOANS 23,820,928
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -151,323
 Land And Building 285,341
 Other Fixed Assets 28,096
 NCUSIF Deposit 576,277
 All Other Assets 0
  TOTAL ASSETS 64,991,555
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 41,569
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 17,353,172
 Regular shares 26,041,349
 All Other Shares & Deposits 12,893,629
  TOTAL SHARES & DEPOSITS 56,288,150
  TOTAL LIABILITIES 56,329,719
 Regular Reserve 0
 Other Reserves 2,345,110
 Undivided Earnings 6,316,726
  TOTAL EQUITY 8,661,836
  TOTAL LIABILITIES, SHARES, & EQUITY 64,991,555
INCOME & EXPENSE  
 Loan Income 1,138,767
 Investment Income 744,163
 Other Income 105,277
 Total Employee Compensation & Benefits 520,388
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 780,765
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 15,000
 Cost of Funds 63,915
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 956,220
↑ Back to Top

Other Credit Unions

CENTRAL HANNA EMPLOYEES CREDIT UNION
PO BOX 465
KEEWATIN, MN 55753-0465
DULUTH POLICE DEPARTMENT EMPLOYEES CREDIT UNION
2030 N Arlington Ave
DULUTH, MN 55811
VIRGINIA COOP CREDIT UNION
811 4th St N
VIRGINIA, MN 55792
EMBARRASS VERMILLION FEDERAL CREDIT UNION
600 W 3rd Ave N
AURORA, MN 55705-1269
NORTH STAR CREDIT UNION
24 S River St
COOK, MN 55723
SHARE ADVANTAGE CREDIT UNION
2502 Maple Grove Rd
DULUTH, MN 55811-1864
NORTHRIDGE COMMUNITY CREDIT UNION
283 Kennedy Memorial Dr
HOYT LAKES, MN 55750
NORTH SHORE FEDERAL CREDIT UNION
85 Outer Dr
SILVER BAY, MN 55614-1132
TWO HARBORS FEDERAL CREDIT UNION
801 11th St
TWO HARBORS, MN 55616
HIBBING COOPERATIVE CREDIT UNION
217 W 42nd St
HIBBING, MN 55746