Dec, 31, 2023 — FARM CREDIT EMPLOYEES CREDIT UNION (FCEFCU) is a federal credit union headquartered in SAINT PAUL, MN with 1 branch location and about $18.19 million in total assets. Opened 49 years ago in 1975, FARM CREDIT EMPLOYEES CREDIT UNION (FCEFCU) has about 1,418 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | FARM CREDIT EMPLOYEES CREDIT UNION |
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Address: (Main Office) | 30 7th St E Ste 265 SAINT PAUL, MN 55101-4958 |
Phone: | (651) 282-8880 |
Fax: | (651) 282-8884 |
Website: | https://www.fcefcu.com |
Branches: | 1 branch locations |
Members: | 1,418 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 22132 |
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Membership Type: | Multiple common bond - Primarily finance, insurance, real estate, trade |
Corporate Credit Union: | No |
Year Opened: | 1975 |
Last Audited: | Oct 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $18,191,977 |
CEO/Manager: | Caitlin M Brama |
Chairperson: | Michael G Strunk |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,400,775 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 3,736,800 |
Unsecured Loans | 776,000 |
Other Loans | 9,977,105 |
TOTAL LOANS | 14,489,905 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -44,728 |
Land And Building | 0 |
Other Fixed Assets | 73,865 |
NCUSIF Deposit | 170,438 |
All Other Assets | 0 |
TOTAL ASSETS | 18,191,977 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 6,242 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | -802 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 6,487,471 |
Regular shares | 5,773,801 |
All Other Shares & Deposits | 4,015,328 |
TOTAL SHARES & DEPOSITS | 16,276,600 |
TOTAL LIABILITIES | 16,282,040 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 1,909,937 |
TOTAL EQUITY | 1,909,937 |
TOTAL LIABILITIES, SHARES, & EQUITY | 18,191,977 |
INCOME & EXPENSE | |
Loan Income | 660,129 |
Investment Income | 85,500 |
Other Income | 53,587 |
Total Employee Compensation & Benefits | 328,878 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 270,412 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 44,728 |
Cost of Funds | 164,974 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -9,776 |
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