Dec, 31, 2023 — BUILDING TRADES FEDERAL CREDIT UNION is a federal credit union headquartered in MAPLE GROVE, MN with 3 branch locations and about $217.88 million in total assets. Opened 65 years ago in 1959, BUILDING TRADES FEDERAL CREDIT UNION has about 17,890 members and employs 33 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: | 3 branch locations |
| Members: | 17,890 |
| 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, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $217,876,611 |
| CEO/Manager: | Richard Odenthal |
| Chairperson: | Joseph P Lane |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 29,593,582 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 41,822,089 |
| Unsecured Loans | 5,869,190 |
| Other Loans | 52,894,418 |
| TOTAL LOANS | 100,585,697 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,081,661 |
| Land And Building | 4,419,631 |
| Other Fixed Assets | 390,237 |
| NCUSIF Deposit | 1,474,209 |
| All Other Assets | 11,428 |
| TOTAL ASSETS | 217,876,611 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 630 |
| Notes & Interest Payable | 4,500,000 |
| Accounts Payable & Other Liabilities | 6,082,046 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 51,214,626 |
| Regular shares | 88,466,992 |
| All Other Shares & Deposits | 51,572,863 |
| TOTAL SHARES & DEPOSITS | 191,254,481 |
| TOTAL LIABILITIES | 201,837,157 |
| Regular Reserve | 0 |
| Other Reserves | -6,637,733 |
| Undivided Earnings | 22,677,187 |
| TOTAL EQUITY | 16,039,454 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 217,876,611 |
| INCOME & EXPENSE | |
| Loan Income | 4,642,092 |
| Investment Income | 2,660,061 |
| Other Income | 728,844 |
| Total Employee Compensation & Benefits | 3,794,834 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,609,936 |
| Non-operating Income & (Expense) | -3,580 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -36,359 |
| Cost of Funds | 928,872 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 839,266 |
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