Dec, 31, 2022 — GREAT RIVER FEDERAL CREDIT UNION is a federal credit union headquartered in SAINT CLOUD, MN with 9 branch locations and about $334.36 million in total assets. Opened 75 years ago in 1948, GREAT RIVER FEDERAL CREDIT UNION has about 19,551 members and employs 87 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GREAT RIVER FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1532 W Saint Germain St SAINT CLOUD, MN 56301-4129 |
| Phone: | (320) 252-5393 |
| Fax: | (320) 252-4595 |
| Website: | https://www.greatriverfcu.org |
| Branches: | 9 branch locations |
| Members: | 19,551 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24632 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1948 |
| Last Audited: | Sep 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $334,360,937 |
| CEO/Manager: | Brant Hicks |
| Chairperson: | Mark Skaj |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 16,017,659 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 310,500 |
| Real Estate Loans | 119,377,670 |
| Unsecured Loans | 11,603,343 |
| Other Loans | 127,814,492 |
| TOTAL LOANS | 258,795,505 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -963,492 |
| Land And Building | 8,086,849 |
| Other Fixed Assets | 1,785,047 |
| NCUSIF Deposit | 2,802,410 |
| All Other Assets | 0 |
| TOTAL ASSETS | 334,360,937 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 3,000,000 |
| Accounts Payable & Other Liabilities | 3,181,480 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 51,624,647 |
| Regular shares | 140,257,769 |
| All Other Shares & Deposits | 110,353,726 |
| TOTAL SHARES & DEPOSITS | 302,236,142 |
| TOTAL LIABILITIES | 308,417,622 |
| Regular Reserve | 0 |
| Other Reserves | 3,478,909 |
| Undivided Earnings | 22,464,406 |
| TOTAL EQUITY | 25,943,315 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 334,360,937 |
| INCOME & EXPENSE | |
| Loan Income | 6,658,686 |
| Investment Income | 382,513 |
| Other Income | 820,781 |
| Total Employee Compensation & Benefits | 4,283,095 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,729,844 |
| Non-operating Income & (Expense) | 733,825 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 471,402 |
| Cost of Funds | 568,079 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 532,504 |
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