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 |
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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 |
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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 |
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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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