Dec, 31, 2020 — AFFINITY FIRST FEDERAL CREDIT UNION is a federal credit union headquartered in MINOT, ND with 1 branch location and about $54.35 million in total assets. Opened 62 years ago in 1959, AFFINITY FIRST FEDERAL CREDIT UNION has about 2,911 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: | 2,911 |
| 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: | $54,347,253 |
| CEO/Manager: | Kelly Duchsherer |
| Chairperson: | Susan Brandvold |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 11,503,330 |
| TOTAL INVESTMENTS | 17,335,000 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 9,758,588 |
| Unsecured Loans | 1,918,599 |
| Other Loans | 12,386,020 |
| TOTAL LOANS | 24,063,207 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -167,871 |
| Land And Building | 996,689 |
| Other Fixed Assets | 11,597 |
| NCUSIF Deposit | 440,549 |
| All Other Assets | 164,752 |
| TOTAL ASSETS | 54,347,253 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 30,940 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 131,559 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,993,450 |
| Regular shares | 18,619,578 |
| All Other Shares & Deposits | 19,897,996 |
| TOTAL SHARES & DEPOSITS | 46,511,024 |
| TOTAL LIABILITIES | 46,673,523 |
| Regular Reserve | 404,171 |
| Other Reserves | 0 |
| Undivided Earnings | 7,269,559 |
| TOTAL EQUITY | 7,673,730 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 54,347,253 |
| INCOME & EXPENSE | |
| Loan Income | 1,243,658 |
| Investment Income | 354,514 |
| Other Income | 425,223 |
| Total Employee Compensation & Benefits | 782,210 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 713,829 |
| Non-operating Income & (Expense) | 57,944 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 37,413 |
| Cost of Funds | 370,711 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 177,176 |
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