Jun, 30, 2024 — MINUTEMAN FEDERAL CREDIT UNION is a federal credit union headquartered in RAPID CITY, SD with 1 branch location and about $17.77 million in total assets. Opened 63 years ago in 1961, MINUTEMAN FEDERAL CREDIT UNION has about 1,387 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MINUTEMAN FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 301 E North St RAPID CITY, SD 57701-1458 |
| Phone: | (605) 394-1772 |
| Fax: | (605) 394-5112 |
| Website: | https://www.minutemanfcu.org |
| Branches: | 1 branch locations |
| Members: | 1,387 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14260 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | Oct 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $17,774,364 |
| CEO/Manager: | MARY CONNICK |
| Chairperson: | TODD BARTUNEK |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,189,963 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 217,842 |
| Unsecured Loans | 391,655 |
| Other Loans | 11,773,752 |
| TOTAL LOANS | 12,383,249 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -175,793 |
| Land And Building | 751,444 |
| Other Fixed Assets | 63,752 |
| NCUSIF Deposit | 127,527 |
| All Other Assets | 45,906 |
| TOTAL ASSETS | 17,774,364 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 36,439 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 82,757 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,431,236 |
| Regular shares | 5,964,284 |
| All Other Shares & Deposits | 7,461,026 |
| TOTAL SHARES & DEPOSITS | 15,856,546 |
| TOTAL LIABILITIES | 15,975,742 |
| Regular Reserve | 0 |
| Other Reserves | 310,283 |
| Undivided Earnings | 1,488,339 |
| TOTAL EQUITY | 1,798,622 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 17,774,364 |
| INCOME & EXPENSE | |
| Loan Income | 466,026 |
| Investment Income | 23,519 |
| Other Income | 50,853 |
| Total Employee Compensation & Benefits | 175,059 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 223,724 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 20,000 |
| Cost of Funds | 82,722 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 56,451 |
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