Dec, 31, 2023 — MINUTEMAN FEDERAL CREDIT UNION is a federal credit union headquartered in RAPID CITY, SD with 1 branch location and about $15.55 million in total assets. Opened 63 years ago in 1961, MINUTEMAN FEDERAL CREDIT UNION has about 1,316 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MINUTEMAN FEDERAL CREDIT UNION |
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Address: (Main Office) | 301 E North St RAPID CITY, SD 57701-1458 |
Phone: | (605) 394-1772 |
Fax: | (605) 394-5112 |
Website: | https://www.minutemanfcu.org |
Branches: | 1 branch locations |
Members: | 1,316 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14260 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1961 |
Last Audited: | Oct 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $15,545,946 |
CEO/Manager: | JENNIFER J WALZ |
Chairperson: | TODD BARTUNEK |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,507,918 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 626,106 |
Unsecured Loans | 479,238 |
Other Loans | 10,841,326 |
TOTAL LOANS | 11,946,670 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -172,658 |
Land And Building | 650,826 |
Other Fixed Assets | 113,640 |
NCUSIF Deposit | 111,550 |
All Other Assets | 23,330 |
TOTAL ASSETS | 15,545,946 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 99,414 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 63,661 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,637,599 |
Regular shares | 4,562,153 |
All Other Shares & Deposits | 7,361,050 |
TOTAL SHARES & DEPOSITS | 13,560,802 |
TOTAL LIABILITIES | 13,723,877 |
Regular Reserve | 0 |
Other Reserves | 310,284 |
Undivided Earnings | 1,511,785 |
TOTAL EQUITY | 1,822,069 |
TOTAL LIABILITIES, SHARES, & EQUITY | 15,545,946 |
INCOME & EXPENSE | |
Loan Income | 743,631 |
Investment Income | 50,830 |
Other Income | 66,480 |
Total Employee Compensation & Benefits | 233,140 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 340,916 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 28,397 |
Cost of Funds | 201,926 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 57,078 |
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