Dec, 31, 2023 — AFFINITY FIRST FEDERAL CREDIT UNION is a federal credit union headquartered in MINOT, ND with 1 branch location and about $62.18 million in total assets. Opened 65 years ago in 1959, AFFINITY FIRST FEDERAL CREDIT UNION has about 2,822 members and employs 12 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | AFFINITY FIRST FEDERAL CREDIT UNION |
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Address: (Main Office) | 811 S Broadway MINOT, ND 58701-4691 |
Phone: | (701) 857-5541 |
Fax: | (701) 857-5154 |
Website: | https://www.affinityfcund.com |
Branches: | 1 branch locations |
Members: | 2,822 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 12980 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1959 |
Last Audited: | Apr 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $62,178,879 |
CEO/Manager: | Kelly Duchsherer |
Chairperson: | Susan Brandvold |
ASSETS: | $ Amount |
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Cash & Equivalents | 7,899,404 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 11,262,882 |
Unsecured Loans | 2,390,708 |
Other Loans | 17,657,406 |
TOTAL LOANS | 31,310,996 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -158,974 |
Land And Building | 859,513 |
Other Fixed Assets | 18,715 |
NCUSIF Deposit | 503,090 |
All Other Assets | 0 |
TOTAL ASSETS | 62,178,879 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 102,646 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 237,734 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 9,082,518 |
Regular shares | 20,214,885 |
All Other Shares & Deposits | 24,234,284 |
TOTAL SHARES & DEPOSITS | 53,531,687 |
TOTAL LIABILITIES | 53,872,067 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 8,306,812 |
TOTAL EQUITY | 8,306,812 |
TOTAL LIABILITIES, SHARES, & EQUITY | 62,178,879 |
INCOME & EXPENSE | |
Loan Income | 1,380,203 |
Investment Income | 562,550 |
Other Income | 400,879 |
Total Employee Compensation & Benefits | 756,179 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 814,250 |
Non-operating Income & (Expense) | 42,734 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 43,910 |
Cost of Funds | 670,925 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 191,913 |
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