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PROCTOR FEDERAL CREDIT UNION

Jun, 30, 2024 — PROCTOR FEDERAL CREDIT UNION is a federal credit union headquartered in PROCTOR, MN with 2 branch locations and about $64.78 million in total assets. Opened 54 years ago in 1970, PROCTOR FEDERAL CREDIT UNION has about 6,939 members and employs 20 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:https://www.proctorfcu.com
Branches:2 branch locations
Members:6,939
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$64,784,399
CEO/Manager:david horak
Chairperson:dan rohweder

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,348,430
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 20,989,529
 Unsecured Loans 458,088
 Other Loans 24,006,575
 TOTAL LOANS 45,454,192
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -113,713
 Land And Building 415,876
 Other Fixed Assets 188,062
 NCUSIF Deposit 547,133
 All Other Assets 0
  TOTAL ASSETS 64,784,399
LIABILITIES & CAPITAL:  
 Dividends Payable 33,474
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 239,969
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 12,775,689
 Regular shares 39,503,722
 All Other Shares & Deposits 6,383,883
  TOTAL SHARES & DEPOSITS 58,663,294
  TOTAL LIABILITIES 58,936,737
 Regular Reserve 0
 Other Reserves 341,457
 Undivided Earnings 5,506,205
  TOTAL EQUITY 5,847,662
  TOTAL LIABILITIES, SHARES, & EQUITY 64,784,399
INCOME & EXPENSE  
 Loan Income 1,302,513
 Investment Income 115,557
 Other Income 143,362
 Total Employee Compensation & Benefits 831,548
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 681,251
 Non-operating Income & (Expense) 57,446
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 66,232
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 251,761
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