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UNIVERSITY FEDERAL CREDIT UNION

Mar, 31, 2021 — UNIVERSITY FEDERAL CREDIT UNION is a federal credit union headquartered in Grand Forks, ND with 2 branch locations and about $44.60 million in total assets. Opened 84 years ago in 1937, UNIVERSITY FEDERAL CREDIT UNION has about 3,391 members and employs 8 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:http://www.universityfederalcu.org
Branches:2 branch locations
Members:3,391
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$44,595,752
CEO/Manager:Lacey M Fetsch
Chairperson:Leo Saucedo

Call Report

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

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,681,883
TOTAL INVESTMENTS 20,403,744
Loans Held for Sale 0
 
 Real Estate Loans 7,205,018
 Unsecured Loans 3,410,900
 Other Loans 8,230,731
 TOTAL LOANS 18,846,649
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -103,844
 Land And Building 254,275
 Other Fixed Assets 153,668
 NCUSIF Deposit 285,073
 All Other Assets 74,304
  TOTAL ASSETS 44,595,752
LIABILITIES & CAPITAL:  
 Dividends Payable 1,670
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 117,727
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 6,864,676
 Regular shares 31,242,708
 All Other Shares & Deposits 1,641,384
  TOTAL SHARES & DEPOSITS 39,748,768
  TOTAL LIABILITIES 39,868,165
 Regular Reserve 335,298
 Other Reserves 0
 Undivided Earnings 4,392,289
  TOTAL EQUITY 4,727,587
  TOTAL LIABILITIES, SHARES, & EQUITY 44,595,752
INCOME & EXPENSE  
 Loan Income 241,148
 Investment Income 64,895
 Other Income 15,206
 Total Employee Compensation & Benefits 118,368
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 142,749
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 18,000
 Cost of Funds 28,260
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 77,708
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