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 |
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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 |
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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, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $54,347,253 |
CEO/Manager: | Kelly Duchsherer |
Chairperson: | Susan Brandvold |
ASSETS: | $ Amount |
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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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