Dec, 31, 2022 — CARPENTERS FEDERAL CREDIT UNION is a federal credit union headquartered in SAINT PAUL, MN with 2 branch locations and about $44.38 million in total assets. Opened 70 years ago in 1953, CARPENTERS FEDERAL CREDIT UNION has about 19,832 members and employs 6 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 |
|---|---|
| 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: | 19,832 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24676 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $44,375,748 |
| CEO/Manager: | Kimberly S Waite |
| Chairperson: | Ryan Ponthan |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,044,865 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 798,799 |
| Unsecured Loans | 252,700 |
| Other Loans | 14,838,732 |
| TOTAL LOANS | 15,890,231 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -465,308 |
| Land And Building | 0 |
| Other Fixed Assets | 106,757 |
| NCUSIF Deposit | 381,848 |
| All Other Assets | 0 |
| TOTAL ASSETS | 44,375,748 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 566,857 |
| Accounts Payable & Other Liabilities | 1,411 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 15,362,696 |
| Regular shares | 11,976,649 |
| All Other Shares & Deposits | 12,446,797 |
| TOTAL SHARES & DEPOSITS | 39,786,142 |
| TOTAL LIABILITIES | 40,354,410 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 4,021,338 |
| TOTAL EQUITY | 4,021,338 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 44,375,748 |
| INCOME & EXPENSE | |
| Loan Income | 503,950 |
| Investment Income | 115,325 |
| Other Income | 599,068 |
| Total Employee Compensation & Benefits | 283,856 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 961,421 |
| Non-operating Income & (Expense) | 28,789 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 465,308 |
| Cost of Funds | 1,142 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -326,065 |
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