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FARGO VA FEDERAL CREDIT UNION

Dec, 31, 2023 — FARGO VA FEDERAL CREDIT UNION is a federal credit union headquartered in FARGO, ND with 1 branch location and about $14.08 million in total assets. Opened 89 years ago in 1935, FARGO VA FEDERAL CREDIT UNION has about 1,516 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:FARGO VA FEDERAL CREDIT UNION
Address:
(Main Office)
2101 Elm St N
FARGO, ND 58102-2417
Phone:(701) 280-0870
Fax:(701) 235-0012
Website:https://www.fargovafcu.org
Branches:1 branch locations
Members:1,516
Credit Union Type:Federal Credit Union
Charter Number:288
Membership Type:Multiple common bond - Primarily federal, state, local government
Corporate Credit Union:No
Year Opened:1935
Last Audited:Jun 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$14,080,967
CEO/Manager:Jana L Thune
Chairperson:Nanda Gross

Call Report

  • Payday Alternative Loans (PAL Loans)
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 978,612
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 1,166,974
 Unsecured Loans 663,537
 Other Loans 6,152,723
 TOTAL LOANS 7,983,233
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -11,234
 Land And Building 2
 Other Fixed Assets 25,861
 NCUSIF Deposit 128,744
 All Other Assets 0
  TOTAL ASSETS 14,080,967
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 72,566
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,005,455
 Regular shares 5,303,655
 All Other Shares & Deposits 4,321,480
  TOTAL SHARES & DEPOSITS 12,630,590
  TOTAL LIABILITIES 12,703,156
 Regular Reserve 0
 Other Reserves 182,003
 Undivided Earnings 1,195,808
  TOTAL EQUITY 1,377,811
  TOTAL LIABILITIES, SHARES, & EQUITY 14,080,967
INCOME & EXPENSE  
 Loan Income 366,537
 Investment Income 104,706
 Other Income 46,767
 Total Employee Compensation & Benefits 218,122
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 299,615
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 19,946
 Cost of Funds 52,368
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 32,328
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