Sep, 30, 2025 — NORTH MEMORIAL FEDERAL CREDIT UNION is a federal credit union headquartered in ROBBINSDALE, MN with 2 branch locations and about $50.55 million in total assets. Opened 62 years ago in 1964, NORTH MEMORIAL FEDERAL CREDIT UNION has about 4,516 members and employs 13 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NORTH MEMORIAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3300 Oakdale Ave N ROBBINSDALE, MN 55422-2926 |
| Phone: | (763) 367-7700 |
| Fax: | (763) 367-7725 |
| Website: | https://www.northmemorialfcu.com |
| Branches: | 2 branch locations |
| Members: | 4,516 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 16248 |
|---|---|
| Membership Type: | Multiple common bond - Primarily health care |
| Corporate Credit Union: | No |
| Year Opened: | 1964 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $50,548,092 |
| CEO/Manager: | Dana Garrett |
| Chairperson: | Steven L Miller |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,128,505 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 15,739,088 |
| Unsecured Loans | 3,720,668 |
| Other Loans | 11,832,276 |
| TOTAL LOANS | 31,292,032 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -350,890 |
| Land And Building | 1,323,249 |
| Other Fixed Assets | 89,825 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 423,721 |
| All Other Assets | 0 |
| TOTAL ASSETS | 50,548,092 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 65,561 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 13,819 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 8,646,546 |
| Regular shares | 21,417,396 |
| All Other Shares & Deposits | 14,582,247 |
| TOTAL SHARES & DEPOSITS | 44,646,189 |
| TOTAL LIABILITIES | 44,725,569 |
| Regular Reserve | 0 |
| Other Reserves | 438,329 |
| Undivided Earnings | 5,384,194 |
| TOTAL EQUITY | 5,822,523 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 50,548,092 |
| INCOME & EXPENSE | |
| Loan Income | 1,690,513 |
| Investment Income | 450,950 |
| Other Income | 126,594 |
| Total Employee Compensation & Benefits | 757,521 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 810,529 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 129,205 |
| Cost of Funds | 280,326 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 477,845 |
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