Mar, 31, 2021 — AFFINITY FIRST FEDERAL CREDIT UNION is a federal credit union headquartered in MINOT, ND with 1 branch location and about $56.41 million in total assets. Opened 62 years ago in 1959, AFFINITY FIRST FEDERAL CREDIT UNION has about 2,894 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 SOUTH BROADWAY MINOT, ND 58701 |
| Phone: | (701) 857-5541 |
| Fax: | (701) 857-5154 |
| Website: | http://www.affinityfcund.com |
| Branches: | 1 branch locations |
| Members: | 2,894 |
| 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, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $56,410,411 |
| CEO/Manager: | Kelly Duchsherer |
| Chairperson: | Susan Brandvold |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 12,935,270 |
| TOTAL INVESTMENTS | 18,636,000 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 8,428,940 |
| Unsecured Loans | 1,923,287 |
| Other Loans | 13,042,617 |
| TOTAL LOANS | 23,394,844 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -158,569 |
| Land And Building | 986,583 |
| Other Fixed Assets | 11,214 |
| NCUSIF Deposit | 450,769 |
| All Other Assets | 154,300 |
| TOTAL ASSETS | 56,410,411 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 26,889 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 100,350 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 8,264,296 |
| Regular shares | 20,267,398 |
| All Other Shares & Deposits | 19,984,704 |
| TOTAL SHARES & DEPOSITS | 48,516,398 |
| TOTAL LIABILITIES | 48,643,637 |
| Regular Reserve | 404,171 |
| Other Reserves | 0 |
| Undivided Earnings | 7,362,603 |
| TOTAL EQUITY | 7,766,774 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 56,410,411 |
| INCOME & EXPENSE | |
| Loan Income | 287,796 |
| Investment Income | 71,159 |
| Other Income | 93,700 |
| Total Employee Compensation & Benefits | 175,683 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 159,500 |
| Non-operating Income & (Expense) | 10,902 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -718 |
| Cost of Funds | 74,439 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 93,044 |
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