Dec, 31, 2022 — AFFINITY PLUS FEDERAL CREDIT UNION is a federal credit union headquartered in SAINT PAUL, MN with 28 branch locations and about $3.89 billion in total assets. Opened 89 years ago in 1934, AFFINITY PLUS FEDERAL CREDIT UNION has about 243,785 members and employs 595 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: | 28 branch locations |
| Members: | 243,785 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $3,887,935,519 |
| CEO/Manager: | Dave Larson |
| Chairperson: | Robyn Cousin |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 220,098,209 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 4,853,352 |
| Real Estate Loans | 1,857,794,146 |
| Unsecured Loans | 488,183,424 |
| Other Loans | 1,080,620,159 |
| TOTAL LOANS | 3,426,597,729 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -16,266,425 |
| Land And Building | 29,506,280 |
| Other Fixed Assets | 7,227,937 |
| NCUSIF Deposit | 32,222,721 |
| All Other Assets | 284,806 |
| TOTAL ASSETS | 3,887,935,519 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 32,832,437 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 944,151,863 |
| Regular shares | 1,288,979,668 |
| All Other Shares & Deposits | 1,294,043,442 |
| TOTAL SHARES & DEPOSITS | 3,527,174,973 |
| TOTAL LIABILITIES | 3,560,007,410 |
| Regular Reserve | 0 |
| Other Reserves | -63,104 |
| Undivided Earnings | 327,991,213 |
| TOTAL EQUITY | 327,928,109 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,887,935,519 |
| INCOME & EXPENSE | |
| Loan Income | 94,903,677 |
| Investment Income | 2,777,758 |
| Other Income | 12,537,420 |
| Total Employee Compensation & Benefits | 41,379,880 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 58,003,120 |
| Non-operating Income & (Expense) | 279,476 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,674,609 |
| Cost of Funds | 10,188,790 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 22,014,243 |
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