Dec, 31, 2023 — AFFINITY PLUS FEDERAL CREDIT UNION is a federal credit union headquartered in SAINT PAUL, MN with 31 branch locations and about $4.18 billion in total assets. Opened 90 years ago in 1934, AFFINITY PLUS FEDERAL CREDIT UNION has about 263,965 members and employs 610 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | AFFINITY PLUS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 175 W Lafayette Frontage Rd SAINT PAUL, MN 55107-1488 |
| Phone: | (651) 312-9252 |
| Fax: | (651) 312-6252 |
| Website: | https://www.affinityplus.org |
| Branches: | 31 branch locations |
| Members: | 263,965 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24362 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $4,175,559,648 |
| CEO/Manager: | Dave Larson |
| Chairperson: | Robyn Cousin |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 350,558,613 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 947,000 |
| Real Estate Loans | 1,843,541,407 |
| Unsecured Loans | 519,436,971 |
| Other Loans | 1,219,111,802 |
| TOTAL LOANS | 3,582,090,180 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -36,828,810 |
| Land And Building | 31,525,537 |
| Other Fixed Assets | 9,180,712 |
| NCUSIF Deposit | 33,618,645 |
| All Other Assets | 520,948 |
| TOTAL ASSETS | 4,175,559,648 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 169,222 |
| Notes & Interest Payable | 223,326,282 |
| Accounts Payable & Other Liabilities | 59,891,300 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 894,837,142 |
| Regular shares | 1,029,680,901 |
| All Other Shares & Deposits | 1,620,504,837 |
| TOTAL SHARES & DEPOSITS | 3,545,022,880 |
| TOTAL LIABILITIES | 3,829,663,990 |
| Regular Reserve | 0 |
| Other Reserves | -54,000 |
| Undivided Earnings | 345,949,658 |
| TOTAL EQUITY | 345,895,658 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,175,559,648 |
| INCOME & EXPENSE | |
| Loan Income | 177,050,170 |
| Investment Income | 17,603,065 |
| Other Income | 10,845,185 |
| Total Employee Compensation & Benefits | 61,874,245 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 78,321,881 |
| Non-operating Income & (Expense) | 3,100,407 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 19,638,728 |
| Cost of Funds | 52,860,275 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 30,131,189 |
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