Dec, 31, 2022 — BUILDING TRADES FEDERAL CREDIT UNION is a federal credit union headquartered in MAPLE GROVE, MN with 4 branch locations and about $202.42 million in total assets. Opened 64 years ago in 1959, BUILDING TRADES FEDERAL CREDIT UNION has about 17,703 members and employs 32 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BUILDING TRADES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 12080 73rd Ave N MAPLE GROVE, MN 55369 |
| Phone: | (763) 315-3888 |
| Fax: | (763) 315-3826 |
| Website: | https://www.buildingtradescu.com |
| Branches: | 4 branch locations |
| Members: | 17,703 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24414 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $202,424,000 |
| CEO/Manager: | Richard Odenthal |
| Chairperson: | Thomas L Reger |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 13,345,962 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 41,377,958 |
| Unsecured Loans | 5,663,436 |
| Other Loans | 51,908,953 |
| TOTAL LOANS | 98,950,347 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,490,880 |
| Land And Building | 1,584,757 |
| Other Fixed Assets | 2,159,262 |
| NCUSIF Deposit | 1,463,237 |
| All Other Assets | 0 |
| TOTAL ASSETS | 202,424,000 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 24 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,993,791 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 50,292,080 |
| Regular shares | 96,140,246 |
| All Other Shares & Deposits | 39,417,000 |
| TOTAL SHARES & DEPOSITS | 185,849,326 |
| TOTAL LIABILITIES | 189,843,141 |
| Regular Reserve | 0 |
| Other Reserves | -8,824,819 |
| Undivided Earnings | 21,405,678 |
| TOTAL EQUITY | 12,580,859 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 202,424,000 |
| INCOME & EXPENSE | |
| Loan Income | 3,000,789 |
| Investment Income | 1,138,852 |
| Other Income | 486,821 |
| Total Employee Compensation & Benefits | 2,370,196 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,315,770 |
| Non-operating Income & (Expense) | -287,488 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 60,337 |
| Cost of Funds | 189,493 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 452,744 |
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