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MINUTEMAN FEDERAL CREDIT UNION

Dec, 31, 2020 — MINUTEMAN FEDERAL CREDIT UNION is a federal credit union headquartered in RAPID CITY, SD with 1 branch location and about $18.23 million in total assets. Opened 60 years ago in 1961, MINUTEMAN FEDERAL CREDIT UNION has about 1,474 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:http://www.minutemanfcu.org
Branches:1 branch locations
Members:1,474
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$18,233,240
CEO/Manager:MARY CONNICK
Chairperson:TODD BARTUNEK

Call Report

  • Commercial Loans
  • Indirect Consumer Loans
  • Overdraft Lines of Credit
  • Real Estate Loans
  • Risk Based Loans
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,242,334
TOTAL INVESTMENTS 655,747
Loans Held for Sale 0
 
 Real Estate Loans 327,352
 Unsecured Loans 550,237
 Other Loans 12,420,444
 TOTAL LOANS 13,298,033
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -119,204
 Land And Building 748,707
 Other Fixed Assets 113,269
 NCUSIF Deposit 110,843
 All Other Assets 183,511
  TOTAL ASSETS 18,233,240
LIABILITIES & CAPITAL:  
 Dividends Payable 75,440
 Notes & Interest Payable 500,000
 Accounts Payable & Other Liabilities 117,392
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,594,929
 Regular shares 4,052,415
 All Other Shares & Deposits 10,260,322
  TOTAL SHARES & DEPOSITS 15,907,666
  TOTAL LIABILITIES 16,600,498
 Regular Reserve 310,283
 Other Reserves 0
 Undivided Earnings 1,322,459
  TOTAL EQUITY 1,632,742
  TOTAL LIABILITIES, SHARES, & EQUITY 18,233,240
INCOME & EXPENSE  
 Loan Income 726,866
 Investment Income 35,389
 Other Income 69,057
 Total Employee Compensation & Benefits 248,433
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 289,883
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 132,169
 Cost of Funds 201,927
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -41,100
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