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TEL-U-WATT FEDERAL CREDIT UNION

Dec, 31, 2020 — TEL-U-WATT FEDERAL CREDIT UNION is a federal credit union headquartered in MINOT, ND with 1 branch location and about $5.65 million in total assets. Opened 86 years ago in 1935, TEL-U-WATT FEDERAL CREDIT UNION has about 392 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:TEL-U-WATT FEDERAL CREDIT UNION
Address:
(Main Office)
P. O. BOX 3070
MINOT, ND 58702-3070
Phone:(701) 838-9810
Fax:(701) 838-1160
Website:http://www.teluwatt.com
Branches:1 branch locations
Members:392
Credit Union Type:Federal Credit Union
Charter Number:146
Membership Type:Multiple common bond - Primarily communications and utilities
Corporate Credit Union:No
Year Opened:1935
Last Audited:Jul 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$5,651,826
CEO/Manager:CONNIE M DOSCH
Chairperson:TODD KOOP

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 578,754
TOTAL INVESTMENTS 992,000
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 78,818
 Other Loans 3,977,392
 TOTAL LOANS 4,056,210
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -27,608
 Land And Building 0
 Other Fixed Assets 373
 NCUSIF Deposit 47,743
 All Other Assets 4,354
  TOTAL ASSETS 5,651,826
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,270
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 5,194,818
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 5,194,818
  TOTAL LIABILITIES 5,196,088
 Regular Reserve 76,358
 Other Reserves 0
 Undivided Earnings 379,380
  TOTAL EQUITY 455,738
  TOTAL LIABILITIES, SHARES, & EQUITY 5,651,826
INCOME & EXPENSE  
 Loan Income 107,841
 Investment Income 16,051
 Other Income 5,870
 Total Employee Compensation & Benefits 25,512
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 20,319
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 5,251
 Cost of Funds 79,377
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -697
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