Mar, 31, 2022 — AFFINITY FIRST FEDERAL CREDIT UNION is a federal credit union headquartered in MINOT, ND with 1 branch location and about $59.59 million in total assets. Opened 63 years ago in 1959, AFFINITY FIRST FEDERAL CREDIT UNION has about 2,834 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | AFFINITY FIRST FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 811 S Broadway MINOT, ND 58701-4691 |
| Phone: | (701) 857-5541 |
| Fax: | (701) 857-5154 |
| Website: | http://www.affinityfcund.com |
| Branches: | 1 branch locations |
| Members: | 2,834 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 12980 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Apr 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $59,594,457 |
| CEO/Manager: | Kelly Duchsherer |
| Chairperson: | Susan Brandvold |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 9,655,349 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 7,822,072 |
| Unsecured Loans | 1,879,981 |
| Other Loans | 14,147,648 |
| TOTAL LOANS | 23,849,701 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -119,950 |
| Land And Building | 937,543 |
| Other Fixed Assets | 8,434 |
| NCUSIF Deposit | 474,036 |
| All Other Assets | 0 |
| TOTAL ASSETS | 59,594,457 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 19,510 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 92,798 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 8,434,601 |
| Regular shares | 23,822,754 |
| All Other Shares & Deposits | 19,270,997 |
| TOTAL SHARES & DEPOSITS | 51,528,352 |
| TOTAL LIABILITIES | 51,640,660 |
| Regular Reserve | 0 |
| Other Reserves | 404,171 |
| Undivided Earnings | 7,549,626 |
| TOTAL EQUITY | 7,953,797 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 59,594,457 |
| INCOME & EXPENSE | |
| Loan Income | 244,556 |
| Investment Income | 63,031 |
| Other Income | 89,175 |
| Total Employee Compensation & Benefits | 171,373 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 180,268 |
| Non-operating Income & (Expense) | 10,902 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -4,230 |
| Cost of Funds | 57,342 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 29,582 |
| ↑ Back to Top | |