Dec, 31, 2023 — TEL-U-WATT FEDERAL CREDIT UNION is a federal credit union headquartered in MINOT, ND with 1 branch location and about $5.25 million in total assets. Opened 89 years ago in 1935, TEL-U-WATT FEDERAL CREDIT UNION has about 362 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | TEL-U-WATT FEDERAL CREDIT UNION |
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Address: (Main Office) | 24 2nd Ave SE MINOT, ND 58701 |
Phone: | (701) 838-9810 |
Fax: | (701) 838-1160 |
Website: | https://www.teluwatt.com |
Branches: | 1 branch locations |
Members: | 362 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 146 |
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Membership Type: | Multiple common bond - Primarily communications and utilities |
Corporate Credit Union: | No |
Year Opened: | 1935 |
Last Audited: | Aug 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $5,249,727 |
CEO/Manager: | CONNIE M DOSCH |
Chairperson: | TODD KOOP |
ASSETS: | $ Amount |
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Cash & Equivalents | 223,538 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 26,329 |
Other Loans | 4,669,422 |
TOTAL LOANS | 4,695,751 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -44,847 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 57,016 |
All Other Assets | 0 |
TOTAL ASSETS | 5,249,727 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 243 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 4,805,701 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 4,805,701 |
TOTAL LIABILITIES | 4,805,944 |
Regular Reserve | 0 |
Other Reserves | 76,358 |
Undivided Earnings | 367,425 |
TOTAL EQUITY | 443,783 |
TOTAL LIABILITIES, SHARES, & EQUITY | 5,249,727 |
INCOME & EXPENSE | |
Loan Income | 123,214 |
Investment Income | 48,300 |
Other Income | 6,021 |
Total Employee Compensation & Benefits | 31,875 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 19,659 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,400 |
Cost of Funds | 116,310 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -5,951 |
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