Credit Unions Near Me
National Credit Union Service Organization

WHITE EARTH RESERVATION FEDERAL CREDIT UNION

Mar, 31, 2021 — WHITE EARTH RESERVATION FEDERAL CREDIT UNION is a federal credit union headquartered in Mahnomen, MN with 1 branch location and about $2.97 million in total assets. Opened 55 years ago in 1966, WHITE EARTH RESERVATION FEDERAL CREDIT UNION has about 1,397 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:WHITE EARTH RESERVATION FEDERAL CREDIT UNION
Address:
(Main Office)
P.O. Box 360, 785 Hwy 59 South
Mahnomen, MN 56557
Phone:(218) 935-0862
Fax:(218) 935-0863
Website:http://www.whiteearthfcu.com
Branches:1 branch locations
Members:1,397
Credit Union Type:Federal Credit Union
Charter Number:17749
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1966
Last Audited:Mar 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$2,971,457
CEO/Manager:Vacant T Vacant
Chairperson:Leonard Wadena

Call Report

  • Credit Builder
  • Micro Consumer Loans
  • Overdraft Protection
  • Pay Day Loans
  • Risk Based Loans
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,680,014
TOTAL INVESTMENTS 2,912
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 353,496
 Other Loans 910,096
 TOTAL LOANS 1,263,592
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -22,860
 Land And Building 0
 Other Fixed Assets 26,441
 NCUSIF Deposit 14,211
 All Other Assets 7,147
  TOTAL ASSETS 2,971,457
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 20,000
 Accounts Payable & Other Liabilities 38,879
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 5,000
 Share Drafts 586,209
 Regular shares 2,094,845
 All Other Shares & Deposits 47,522
  TOTAL SHARES & DEPOSITS 2,728,576
  TOTAL LIABILITIES 2,792,455
 Regular Reserve 30,816
 Other Reserves 0
 Undivided Earnings 148,186
  TOTAL EQUITY 179,002
  TOTAL LIABILITIES, SHARES, & EQUITY 2,971,457
INCOME & EXPENSE  
 Loan Income 24,784
 Investment Income 48
 Other Income 43,739
 Total Employee Compensation & Benefits 50,539
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 37,624
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 365
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -19,957
↑ Back to Top

Other Credit Unions

RED LAKE CO OP FEDERAL CREDIT UNION
PO BOX 154
RED LAKE FALLS, MN 56750
ALEXANDRIA SCHOOLS EMPLOYEES CREDIT UNION
1110 Tabbert Rd NW
ALEXANDRIA, MN 56308
CENTRAL HANNA EMPLOYEES CREDIT UNION
PO BOX 465
KEEWATIN, MN 55753-0465
WADENA FEDERAL CREDIT UNION
PO Box 307
WADENA, MN 56482
OTTER TAIL CREDIT UNION
413 W STANTON AVE
FERGUS FALLS, MN 56537-2505
DEER RIVER COOPERATIVE CREDIT UNION
PO BOX 158
DEER RIVER, MN 56636
BRAINERD B. N. CREDIT UNION
804 Laurel St Ste 101
BRAINERD, MN 56401-3799
NORTH STAR CREDIT UNION
PO BOX 1058
COOK, MN 55723-1058
CROW WING POWER CREDIT UNION
PO Box 962
BRAINERD, MN 56401
HIBBING COOPERATIVE CREDIT UNION
P O Box 908
HIBBING, MN 55746