WHITE EARTH RESERVATION FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.whiteearthfcu.com for more information.
Dec, 31, 2023 — WHITE EARTH RESERVATION FEDERAL CREDIT UNION is a federal credit union headquartered in Mahnomen, MN with 1 branch location and about $2.99 million in total assets. Opened 58 years ago in 1966, WHITE EARTH RESERVATION FEDERAL CREDIT UNION has about 1,416 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: | WHITE EARTH RESERVATION FEDERAL CREDIT UNION |
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Address: (Main Office) | P.O. Box 360, 785 Hwy 59 South Mahnomen, MN 56557 |
Phone: | (218) 935-0862 |
Fax: | (218) 935-0863 |
Website: | https://www.whiteearthfcu.com |
Branches: | 1 branch locations |
Members: | 1,416 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 17749 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1966 |
Last Audited: | Mar 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $2,991,550 |
CEO/Manager: | Gavin J Schmidt |
Chairperson: | Leonard Wadena |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,016,562 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 631,438 |
Other Loans | 1,291,528 |
TOTAL LOANS | 1,922,966 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -26,159 |
Land And Building | 0 |
Other Fixed Assets | 19,269 |
NCUSIF Deposit | 21,246 |
All Other Assets | 0 |
TOTAL ASSETS | 2,991,550 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 72,070 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 416,630 |
Regular shares | 2,260,591 |
All Other Shares & Deposits | 48,119 |
TOTAL SHARES & DEPOSITS | 2,725,340 |
TOTAL LIABILITIES | 2,797,410 |
Regular Reserve | 0 |
Other Reserves | 30,816 |
Undivided Earnings | 163,324 |
TOTAL EQUITY | 194,140 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,991,550 |
INCOME & EXPENSE | |
Loan Income | 30,982 |
Investment Income | 4,370 |
Other Income | 54,195 |
Total Employee Compensation & Benefits | 53,965 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 23,389 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 423 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 12,190 |
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