Dec, 31, 2023 — EMBARRASS VERMILLION FEDERAL CREDIT UNION is a federal credit union headquartered in AURORA, MN with 5 branch locations and about $58.53 million in total assets. Opened 83 years ago in 1941, EMBARRASS VERMILLION FEDERAL CREDIT UNION has about 4,825 members and employs 17 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | EMBARRASS VERMILLION FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 600 W 3rd Ave N AURORA, MN 55705-1269 |
| Phone: | (218) 229-2048 |
| Fax: | (218) 229-2096 |
| Website: | https://www.evfcu.org |
| Branches: | 5 branch locations |
| Members: | 4,825 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 4708 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1941 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $58,534,992 |
| CEO/Manager: | James Kramar |
| Chairperson: | Marty Hendrickson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,579,045 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 19,401,592 |
| Unsecured Loans | 3,449,683 |
| Other Loans | 19,414,739 |
| TOTAL LOANS | 42,266,018 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -174,484 |
| Land And Building | 1,732,759 |
| Other Fixed Assets | 366,044 |
| NCUSIF Deposit | 504,113 |
| All Other Assets | 0 |
| TOTAL ASSETS | 58,534,992 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 504,694 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,822,126 |
| Regular shares | 34,384,817 |
| All Other Shares & Deposits | 5,691,214 |
| TOTAL SHARES & DEPOSITS | 49,898,157 |
| TOTAL LIABILITIES | 50,402,851 |
| Regular Reserve | 0 |
| Other Reserves | 596,160 |
| Undivided Earnings | 7,535,981 |
| TOTAL EQUITY | 8,132,141 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 58,534,992 |
| INCOME & EXPENSE | |
| Loan Income | 2,411,452 |
| Investment Income | 714,372 |
| Other Income | 291,554 |
| Total Employee Compensation & Benefits | 1,063,028 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,180,144 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 135,017 |
| Cost of Funds | 138,555 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,231,540 |
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