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National Credit Union Service Organization

NORTHERN STS PWR COMPANY EMP FEDERAL CREDIT UNION

Mar, 31, 2021 — NORTHERN STS PWR COMPANY EMP FEDERAL CREDIT UNION is a federal credit union headquartered in GRAND FORKS, ND with 1 branch location and about $1.56 million in total assets. Opened 86 years ago in 1935, NORTHERN STS PWR COMPANY EMP FEDERAL CREDIT UNION has about 127 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:NORTHERN STS PWR COMPANY EMP FEDERAL CREDIT UNION
Address:
(Main Office)
1206 5TH AVE S
GRAND FORKS, ND 58201
Phone:(701) 795-5244
Fax:(701) 795-5280
Website:n/a
Branches:1 branch locations
Members:127
Credit Union Type:Federal Credit Union
Charter Number:147
Membership Type:Service - Communications and Utilities
Corporate Credit Union:No
Year Opened:1935
Last Audited:Nov 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$1,562,452
CEO/Manager:Tom Millette
Chairperson:Lester Marcott

Call Report

  • Real Estate Loans

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 305,856
TOTAL INVESTMENTS 406,000
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 9,979
 Other Loans 827,084
 TOTAL LOANS 837,063
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -5,488
 Land And Building 0
 Other Fixed Assets 4,789
 NCUSIF Deposit 14,232
 All Other Assets 0
  TOTAL ASSETS 1,562,452
LIABILITIES & CAPITAL:  
 Dividends Payable 229
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 0
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 1,426,528
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 1,426,528
  TOTAL LIABILITIES 1,426,757
 Regular Reserve 14,148
 Other Reserves 0
 Undivided Earnings 121,547
  TOTAL EQUITY 135,695
  TOTAL LIABILITIES, SHARES, & EQUITY 1,562,452
INCOME & EXPENSE  
 Loan Income 6,237
 Investment Income 647
 Other Income 1
 Total Employee Compensation & Benefits 1,615
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,332
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 2,875
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,063
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