Sep, 30, 2025 — HOME TOWN FEDERAL CREDIT UNION is a federal credit union headquartered in OWATONNA, MN with 4 branch locations and about $280.87 million in total assets. Opened 52 years ago in 1974, HOME TOWN FEDERAL CREDIT UNION has about 25,672 members and employs 60 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HOME TOWN FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2400 W Bridge St OWATONNA, MN 55060-5003 |
| Phone: | (507) 451-3798 |
| Fax: | (507) 446-8113 |
| Website: | https://www.hometowncu.coop |
| Branches: | 4 branch locations |
| Members: | 25,672 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 21669 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1974 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $280,873,793 |
| CEO/Manager: | Chad Corcoran |
| Chairperson: | Nicole Schulz |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 21,740,668 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 367,764 |
| Real Estate Loans | 48,778,793 |
| Unsecured Loans | 8,883,609 |
| Other Loans | 126,917,195 |
| TOTAL LOANS | 187,992,124 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,075,000 |
| Land And Building | 8,299,718 |
| Other Fixed Assets | 592,627 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 2,377,824 |
| All Other Assets | 293,300 |
| TOTAL ASSETS | 280,873,793 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,591,702 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 55,215,090 |
| Regular shares | 77,653,207 |
| All Other Shares & Deposits | 120,421,769 |
| TOTAL SHARES & DEPOSITS | 253,290,066 |
| TOTAL LIABILITIES | 254,881,768 |
| Regular Reserve | 0 |
| Other Reserves | -1,912,817 |
| Undivided Earnings | 27,904,842 |
| TOTAL EQUITY | 25,992,025 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 280,873,793 |
| INCOME & EXPENSE | |
| Loan Income | 8,702,741 |
| Investment Income | 1,644,610 |
| Other Income | 746,741 |
| Total Employee Compensation & Benefits | 3,362,073 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 3,834,361 |
| Non-operating Income & (Expense) | 8,071 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,164,479 |
| Cost of Funds | 2,561,155 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,058,095 |
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