Dec, 31, 2023 — COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in NEW ROCKFORD, ND with 2 branch locations and about $179.71 million in total assets. Opened 82 years ago in 1942, COMMUNITY CREDIT UNION has about 4,381 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 20 1st St N NEW ROCKFORD, ND 58356-2201 |
| Phone: | (701) 947-5011 |
| Fax: | (701) 947-5180 |
| Website: | https://www.community-credit-union.org/ |
| Branches: | 2 branch locations |
| Members: | 4,381 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61336 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1942 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $179,712,321 |
| CEO/Manager: | Barbara Messner |
| Chairperson: | Jim Harmon |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 13,237,825 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 17,460,324 |
| Unsecured Loans | 436,910 |
| Other Loans | 11,654,568 |
| TOTAL LOANS | 29,551,802 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,293,325 |
| Land And Building | 280,280 |
| Other Fixed Assets | 59,642 |
| NCUSIF Deposit | 1,374,000 |
| All Other Assets | 0 |
| TOTAL ASSETS | 179,712,321 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 688,531 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 898,264 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 31,154,643 |
| Regular shares | 12,840,327 |
| All Other Shares & Deposits | 105,240,816 |
| TOTAL SHARES & DEPOSITS | 149,235,787 |
| TOTAL LIABILITIES | 150,822,582 |
| Regular Reserve | 0 |
| Other Reserves | 28,800,000 |
| Undivided Earnings | 89,739 |
| TOTAL EQUITY | 28,889,739 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 179,712,321 |
| INCOME & EXPENSE | |
| Loan Income | 1,398,490 |
| Investment Income | 1,424,594 |
| Other Income | 45,058 |
| Total Employee Compensation & Benefits | 829,647 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | -295,178 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 2,331,478 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,052 |
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