Dec, 31, 2023 — CARPENTERS FEDERAL CREDIT UNION is a federal credit union headquartered in SAINT PAUL, MN with 2 branch locations and about $42.70 million in total assets. Opened 71 years ago in 1953, CARPENTERS FEDERAL CREDIT UNION has about 23,791 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CARPENTERS FEDERAL CREDIT UNION |
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Address: (Main Office) | 720 Olive St SAINT PAUL, MN 55130-4405 |
Phone: | (651) 646-8827 |
Fax: | (651) 646-1834 |
Website: | https://mycarpenterscu.org |
Branches: | 2 branch locations |
Members: | 23,791 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24676 |
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Membership Type: | Multiple common bond - other |
Corporate Credit Union: | No |
Year Opened: | 1953 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $42,703,222 |
CEO/Manager: | Kimberly S Waite |
Chairperson: | Ryan Pecinvosky |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,330,880 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 749,253 |
Unsecured Loans | 174,427 |
Other Loans | 16,910,245 |
TOTAL LOANS | 17,833,924 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -289,672 |
Land And Building | 0 |
Other Fixed Assets | 83,732 |
NCUSIF Deposit | 386,848 |
All Other Assets | 0 |
TOTAL ASSETS | 42,703,222 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 37,732 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 14,676,131 |
Regular shares | 11,144,087 |
All Other Shares & Deposits | 11,808,439 |
TOTAL SHARES & DEPOSITS | 37,628,658 |
TOTAL LIABILITIES | 37,666,390 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 5,036,832 |
TOTAL EQUITY | 5,036,832 |
TOTAL LIABILITIES, SHARES, & EQUITY | 42,703,222 |
INCOME & EXPENSE | |
Loan Income | 796,086 |
Investment Income | 1,010,352 |
Other Income | 941,679 |
Total Employee Compensation & Benefits | 520,155 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,542,511 |
Non-operating Income & (Expense) | 13,362 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -71,132 |
Cost of Funds | 8,764 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 944,710 |
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» See also Statement of Financial Condition