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MINUTEMAN FEDERAL CREDIT UNION

Mar, 31, 2021 — MINUTEMAN FEDERAL CREDIT UNION is a federal credit union headquartered in RAPID CITY, SD with 1 branch location and about $17.74 million in total assets. Opened 60 years ago in 1961, MINUTEMAN FEDERAL CREDIT UNION has about 1,487 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:1,487
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:$17,741,594
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 2,722,651
TOTAL INVESTMENTS 704,747
Loans Held for Sale 0
 
 Real Estate Loans 252,534
 Unsecured Loans 425,347
 Other Loans 12,599,499
 TOTAL LOANS 13,277,380
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -129,778
 Land And Building 744,689
 Other Fixed Assets 107,221
 NCUSIF Deposit 126,234
 All Other Assets 188,450
  TOTAL ASSETS 17,741,594
LIABILITIES & CAPITAL:  
 Dividends Payable 63,071
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 43,381
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,459,761
 Regular shares 5,150,213
 All Other Shares & Deposits 9,361,471
  TOTAL SHARES & DEPOSITS 15,971,445
  TOTAL LIABILITIES 16,077,897
 Regular Reserve 310,283
 Other Reserves 0
 Undivided Earnings 1,353,414
  TOTAL EQUITY 1,663,697
  TOTAL LIABILITIES, SHARES, & EQUITY 17,741,594
INCOME & EXPENSE  
 Loan Income 181,147
 Investment Income 2,865
 Other Income 13,565
 Total Employee Compensation & Benefits 54,726
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 63,550
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 15,000
 Cost of Funds 36,069
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 30,958
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