Credit Unions Near Me
National Credit Union Service Organization

NORTH MEMORIAL FEDERAL CREDIT UNION

Dec, 31, 2020 — NORTH MEMORIAL FEDERAL CREDIT UNION is a federal credit union headquartered in ROBBINSDALE, MN with 2 branch locations and about $44.34 million in total assets. Opened 57 years ago in 1964, NORTH MEMORIAL FEDERAL CREDIT UNION has about 4,478 members and employs 12 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:http://www.northmemorialfcu.com
Branches:2 branch locations
Members:4,478
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, 2019
FHLB Member:No
Low Income Designation:No
Assets:$44,341,785
CEO/Manager:Dana Garrett
Chairperson:Steven L Miller

Call Report

  • Credit Builder
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Insurance/Investment Sales
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,187,035
TOTAL INVESTMENTS 10,639,348
Loans Held for Sale 0
 
 Real Estate Loans 11,293,724
 Unsecured Loans 3,009,163
 Other Loans 13,442,934
 TOTAL LOANS 27,745,821
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -316,975
 Land And Building 1,436,004
 Other Fixed Assets 183,211
 NCUSIF Deposit 349,599
 All Other Assets 117,742
  TOTAL ASSETS 44,341,785
LIABILITIES & CAPITAL:  
 Dividends Payable 27,976
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 148,211
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 7,385,982
 Regular shares 19,775,939
 All Other Shares & Deposits 12,789,032
  TOTAL SHARES & DEPOSITS 39,950,953
  TOTAL LIABILITIES 40,127,140
 Regular Reserve 438,329
 Other Reserves -179
 Undivided Earnings 3,776,495
  TOTAL EQUITY 4,214,645
  TOTAL LIABILITIES, SHARES, & EQUITY 44,341,785
INCOME & EXPENSE  
 Loan Income 1,553,296
 Investment Income 148,446
 Other Income 409,092
 Total Employee Compensation & Benefits 926,249
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 845,614
 Non-operating Income & (Expense) 18,750
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 66,417
 Cost of Funds 131,275
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 160,029
↑ Back to Top

Other Credit Unions

TRANSIT OPERATIONS FEDERAL CREDIT UNION
725 N 7TH ST
MINNEAPOLIS, MN 55411
ELECTRIC MACHINERY EMPLOYEES CREDIT UNION
800 CENTRAL AVE
MINNEAPOLIS, MN 55413
LATVIAN CREDIT UNION
3152 17TH AVE S
MINNEAPOLIS, MN 55407
H.B.I. EMPLOYEES CREDIT UNION
3415 UNIVERSITY AVE
SAINT PAUL, MN 55114
ST. THOMAS EMPLOYEE FEDERAL CREDIT UNION
2115 SUMMIT AVE, LOR209
SAINT PAUL, MN 55105-1048
DIVERSIFIED CREDIT UNION
700 LINDEN AVE W
MINNEAPOLIS, MN 55403
MIDLAND CO-OP CREDIT UNION
5210 CENTRAL AVE NE STE 200
MINNEAPOLIS, MN 55421-1824
WEST METRO SCHOOLS CREDIT UNION
1001 HIGHWAY 7
HOPKINS, MN 55305
FINANCIAL ONE CREDIT UNION
843 40th Ave NE
COLUMBIA HEIGHT, MN 55421
BUILDING TRADES FEDERAL CREDIT UNION
12080 73RD AVE N
MAPLE GROVE, MN 55369