Sep, 30, 2025 — UNIVERSITY FEDERAL CREDIT UNION is a federal credit union headquartered in GRAND FORKS, ND with 2 branch locations and about $43.96 million in total assets. Opened 89 years ago in 1937, UNIVERSITY FEDERAL CREDIT UNION has about 3,614 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | UNIVERSITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1575 17th Ave S GRAND FORKS, ND 58201 |
| Phone: | (701) 775-3738 |
| Fax: | (701) 775-3798 |
| Website: | https://www.universityfederalcu.org |
| Branches: | 2 branch locations |
| Members: | 3,614 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1904 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $43,955,825 |
| CEO/Manager: | Lacey M Fetsch |
| Chairperson: | Ryan Jundt |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,519,118 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 8,012,438 |
| Unsecured Loans | 7,414,796 |
| Other Loans | 11,196,260 |
| TOTAL LOANS | 26,623,495 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -374,831 |
| Land And Building | 200,276 |
| Other Fixed Assets | 285,165 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 394,073 |
| All Other Assets | 0 |
| TOTAL ASSETS | 43,955,825 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 23,999 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 273,308 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 8,031,076 |
| Regular shares | 23,583,437 |
| All Other Shares & Deposits | 6,098,412 |
| TOTAL SHARES & DEPOSITS | 37,712,925 |
| TOTAL LIABILITIES | 38,010,232 |
| Regular Reserve | 0 |
| Other Reserves | -71,291 |
| Undivided Earnings | 6,016,884 |
| TOTAL EQUITY | 5,945,593 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 43,955,825 |
| INCOME & EXPENSE | |
| Loan Income | 1,161,347 |
| Investment Income | 354,295 |
| Other Income | 84,150 |
| Total Employee Compensation & Benefits | 503,387 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 626,175 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 135,000 |
| Cost of Funds | 251,030 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 306,566 |
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