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PROCTOR FEDERAL CREDIT UNION

Mar, 31, 2021 — PROCTOR FEDERAL CREDIT UNION is a federal credit union headquartered in proctor, MN with 2 branch locations and about $59.29 million in total assets. Opened 51 years ago in 1970, PROCTOR FEDERAL CREDIT UNION has about 6,782 members and employs 22 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:PROCTOR FEDERAL CREDIT UNION
Address:
(Main Office)
410 N 2nd Ave
proctor, MN 55810-2206
Phone:(218) 624-5761
Fax:(218) 624-5762
Website:http://www.proctorfcu.com
Branches:2 branch locations
Members:6,782
Credit Union Type:Federal Credit Union
Charter Number:19960
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1970
Last Audited:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$59,288,818
CEO/Manager:david horak
Chairperson:richard kieren

Call Report

  • Indirect Consumer Loans
  • Overdraft Lines of Credit
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 8,334,274
TOTAL INVESTMENTS 10,478,513
Loans Held for Sale 0
 
 Real Estate Loans 17,371,972
 Unsecured Loans 443,847
 Other Loans 21,558,519
 TOTAL LOANS 39,374,338
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -141,471
 Land And Building 426,212
 Other Fixed Assets 167,447
 NCUSIF Deposit 478,621
 All Other Assets 170,884
  TOTAL ASSETS 59,288,818
LIABILITIES & CAPITAL:  
 Dividends Payable 53,925
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 135,652
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 12,068,261
 Regular shares 33,176,839
 All Other Shares & Deposits 8,593,176
  TOTAL SHARES & DEPOSITS 53,838,276
  TOTAL LIABILITIES 54,027,853
 Regular Reserve 341,457
 Other Reserves 0
 Undivided Earnings 4,919,508
  TOTAL EQUITY 5,260,965
  TOTAL LIABILITIES, SHARES, & EQUITY 59,288,818
INCOME & EXPENSE  
 Loan Income 443,864
 Investment Income 13,623
 Other Income 30,732
 Total Employee Compensation & Benefits 231,168
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 189,425
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 34,065
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 101,701
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