Sep, 30, 2025 — TRADES & LABOR FEDERAL CREDIT UNION is a federal credit union headquartered in ALBERT LEA, MN with 1 branch location and about $22.00 million in total assets. Opened 68 years ago in 1958, TRADES & LABOR FEDERAL CREDIT UNION has about 2,295 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TRADES & LABOR FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 610 S BROADWAY AVE ALBERT LEA, MN 56007-4526 |
| Phone: | (507) 377-1863 |
| Fax: | (507) 377-0116 |
| Website: | https://www.tradesandlabor.com |
| Branches: | 1 branch locations |
| Members: | 2,295 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24674 |
|---|---|
| Membership Type: | Multiple common bond - Primarily finance, insurance, real estate, trade |
| Corporate Credit Union: | No |
| Year Opened: | 1958 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $21,996,615 |
| CEO/Manager: | Bradley A Skinness |
| Chairperson: | PAUL NIELSEN |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,453,714 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,872,233 |
| Unsecured Loans | 2,457,779 |
| Other Loans | 9,331,928 |
| TOTAL LOANS | 14,661,941 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -44,814 |
| Land And Building | 142,881 |
| Other Fixed Assets | 11,675 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 173,945 |
| All Other Assets | 0 |
| TOTAL ASSETS | 21,996,615 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 144,701 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 9,986 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,738,273 |
| Regular shares | 9,045,960 |
| All Other Shares & Deposits | 5,805,632 |
| TOTAL SHARES & DEPOSITS | 18,589,865 |
| TOTAL LIABILITIES | 18,744,552 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 3,252,063 |
| TOTAL EQUITY | 3,252,063 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 21,996,615 |
| INCOME & EXPENSE | |
| Loan Income | 769,308 |
| Investment Income | 152,880 |
| Other Income | 183,383 |
| Total Employee Compensation & Benefits | 294,137 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 301,356 |
| Non-operating Income & (Expense) | 10,800 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 50,000 |
| Cost of Funds | 163,941 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 306,937 |
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