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MED5 FEDERAL CREDIT UNION

Mar, 31, 2021 — MED5 FEDERAL CREDIT UNION is a federal credit union headquartered in Rapid City, SD with 3 branch locations and about $106.43 million in total assets. Opened 55 years ago in 1966, MED5 FEDERAL CREDIT UNION has about 6,482 members and employs 25 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 291479660
Name:MED5 FEDERAL CREDIT UNION
Address:
(Main Office)
4956 5th st.
Rapid City, SD 57701
Phone:(605) 342-7776
Fax:(605) 348-3172
Website:http://www.med5fcu.org
Branches:3 branch locations
Members:6,482
Credit Union Type:Federal Credit Union
Charter Number:17224
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1966
Last Audited:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$106,428,550
CEO/Manager:Pamela L Brown-Graff
Chairperson:Deborah W Larson

Call Report

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

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 21,659,904
TOTAL INVESTMENTS 243,813
Loans Held for Sale 0
 
 Real Estate Loans 25,252,226
 Unsecured Loans 4,309,496
 Other Loans 45,488,293
 TOTAL LOANS 75,050,015
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -304,553
 Land And Building 7,421,803
 Other Fixed Assets 1,044,854
 NCUSIF Deposit 727,807
 All Other Assets 584,907
  TOTAL ASSETS 106,428,550
LIABILITIES & CAPITAL:  
 Dividends Payable 75,737
 Notes & Interest Payable 6,000,000
 Accounts Payable & Other Liabilities 155,519
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 20,765,567
 Regular shares 29,563,906
 All Other Shares & Deposits 42,198,555
  TOTAL SHARES & DEPOSITS 92,528,028
  TOTAL LIABILITIES 98,759,284
 Regular Reserve 735,502
 Other Reserves 0
 Undivided Earnings 6,933,764
  TOTAL EQUITY 7,669,266
  TOTAL LIABILITIES, SHARES, & EQUITY 106,428,550
INCOME & EXPENSE  
 Loan Income 983,494
 Investment Income 2,898
 Other Income 435,763
 Total Employee Compensation & Benefits 377,816
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 651,194
 Non-operating Income & (Expense) 58,611
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 30,000
 Cost of Funds 206,972
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 215,090
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