Credit Unions Near Me
National Credit Union Service Organization

FULDA AREA CREDIT UNION

Dec, 31, 2023 — FULDA AREA CREDIT UNION is a federally insured state chartered credit union headquartered in WORTHINGTON, MN with 6 branch locations and about $145.08 million in total assets. Opened 38 years ago in 1986, FULDA AREA CREDIT UNION has about 11,136 members and employs 42 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:FULDA AREA CREDIT UNION
Address:
(Main Office)
1127 Ryans Rd
WORTHINGTON, MN 56187
Phone:(507) 372-5959
Fax:
Website:https://www.leadingedgecu.org
Branches:6 branch locations
Members:11,136
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:66867
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1986
Last Audited:Sep 01, 2023
FHLB Member:Yes
Low Income Designation:No
Assets:$145,079,805
CEO/Manager:Chad Merrihew
Chairperson:Randy Donahue

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 8,492,794
TOTAL INVESTMENTS 0
Loans Held for Sale 226,330
 
 Real Estate Loans 63,770,884
 Unsecured Loans 5,267,957
 Other Loans 40,477,463
 TOTAL LOANS 109,516,304
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -692,939
 Land And Building 4,600,030
 Other Fixed Assets 425,151
 NCUSIF Deposit 1,258,037
 All Other Assets 0
  TOTAL ASSETS 145,079,805
LIABILITIES & CAPITAL:  
 Dividends Payable 368,081
 Notes & Interest Payable 6,000,000
 Accounts Payable & Other Liabilities 1,762,430
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 22,681,101
 Regular shares 24,614,585
 All Other Shares & Deposits 78,539,332
  TOTAL SHARES & DEPOSITS 125,835,018
  TOTAL LIABILITIES 133,965,529
 Regular Reserve 0
 Other Reserves -12,201
 Undivided Earnings 11,126,477
  TOTAL EQUITY 11,114,276
  TOTAL LIABILITIES, SHARES, & EQUITY 145,079,805
INCOME & EXPENSE  
 Loan Income 5,802,824
 Investment Income 403,259
 Other Income 1,111,604
 Total Employee Compensation & Benefits 2,965,016
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 3,057,974
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 308,450
 Cost of Funds 2,229,969
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -138,885
↑ Back to Top

Other Credit Unions

JOSTEN EMPLOYEES CREDIT UNION
148 E BROADWAY ST
OWATONNA, MN 55060
FAIRMONT SCHOOL EMPLOYEES FEDERAL CREDIT UNION
110 Eltinge Pl
FAIRMONT, MN 56031-3423
NORTHERN ENERGY FEDERAL CREDIT UNION
210 E LIME ST
MANKATO, MN 56001-3348
MOWER COUNTY CATHOLIC PARISHES CREDIT UNION
307 1/2 5th St NW
AUSTIN, MN 55912
TRADES & LABOR FEDERAL CREDIT UNION
610 S BROADWAY AVE
ALBERT LEA, MN 56007-4526
CITY AND COUNTY EMPLOYEES FEDERAL CREDIT UNION
1719 W Main St
ALBERT LEA, MN 56007
UNITED EMPLOYEES CREDIT UNION
430 Bridge Ave
ALBERT LEA, MN 56007
FEDERATED EMPLOYEES CREDIT UNION
1929 S Cedar Ave
OWATONNA, MN 55060-4301
MINNESOTA VALLEY FEDERAL CREDIT UNION
1640 Adams St
MANKATO, MN 56001
DAWSON CO-OP CREDIT UNION
711 6TH ST
DAWSON, MN 56232