Dec, 31, 2023 — ST. MICHAELS FEDERAL CREDIT UNION is a federal credit union headquartered in CRAIG, CO with 1 branch location and about $974,336 in total assets. Opened 68 years ago in 1956, ST. MICHAELS FEDERAL CREDIT UNION has about 190 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ST. MICHAELS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 678 School St CRAIG, CO 81625 |
| Phone: | (970) 824-2668 |
| Fax: | |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 190 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11340 |
|---|---|
| Membership Type: | Associational - Religious, other than those designated 'low-income' |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Oct 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $974,336 |
| CEO/Manager: | Kay Weeldreyer |
| Chairperson: | Martin Schiffbauer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 162,766 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 24,097 |
| Other Loans | 542,990 |
| TOTAL LOANS | 567,088 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -13,996 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 8,478 |
| All Other Assets | 0 |
| TOTAL ASSETS | 974,336 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 0 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 861,894 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 861,894 |
| TOTAL LIABILITIES | 861,894 |
| Regular Reserve | 0 |
| Other Reserves | 34,500 |
| Undivided Earnings | 77,942 |
| TOTAL EQUITY | 112,442 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 974,336 |
| INCOME & EXPENSE | |
| Loan Income | 27,081 |
| Investment Income | 10,787 |
| Other Income | 2,792 |
| Total Employee Compensation & Benefits | 6,000 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 8,699 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 23,944 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,017 |
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