Jun, 30, 2024 — WAKOTA FEDERAL CREDIT UNION is a federal credit union headquartered in SOUTH ST PAUL, MN with 1 branch location and about $43.36 million in total assets. Opened 93 years ago in 1931, WAKOTA FEDERAL CREDIT UNION has about 3,839 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | WAKOTA FEDERAL CREDIT UNION |
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Address: (Main Office) | 1151 Southview Blvd SOUTH ST PAUL, MN 55075 |
Phone: | (651) 451-3330 |
Fax: | (651) 451-1385 |
Website: | https://www.wakotafcu.org |
Branches: | 1 branch locations |
Members: | 3,839 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24579 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1931 |
Last Audited: | Mar 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $43,357,705 |
CEO/Manager: | Mary Matheson |
Chairperson: | Andrew N Johnson |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,938,524 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 3,613,000 |
Unsecured Loans | 1,463,195 |
Other Loans | 21,960,891 |
TOTAL LOANS | 27,037,086 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -178,656 |
Land And Building | 891,447 |
Other Fixed Assets | 93,233 |
NCUSIF Deposit | 394,728 |
All Other Assets | 0 |
TOTAL ASSETS | 43,357,705 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 2,178 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 454,994 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 9,626,337 |
Regular shares | 21,475,624 |
All Other Shares & Deposits | 8,794,523 |
TOTAL SHARES & DEPOSITS | 39,896,484 |
TOTAL LIABILITIES | 40,353,656 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 3,004,049 |
TOTAL EQUITY | 3,004,049 |
TOTAL LIABILITIES, SHARES, & EQUITY | 43,357,705 |
INCOME & EXPENSE | |
Loan Income | 792,159 |
Investment Income | 81,982 |
Other Income | 316,843 |
Total Employee Compensation & Benefits | 443,742 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 485,789 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 18,596 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 393,943 |
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