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 |
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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 |
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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 |
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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 |
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