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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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