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CITY AND COUNTY EMPLOYEES FEDERAL CREDIT UNION

Sep, 30, 2025 — CITY AND COUNTY EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in Albert Lea, MN with 1 branch location and about $27.02 million in total assets. Opened 76 years ago in 1950, CITY AND COUNTY EMPLOYEES FEDERAL CREDIT UNION has about 1,781 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:CITY AND COUNTY EMPLOYEES FEDERAL CREDIT UNION
Address:
(Main Office)
1719 West Main Street
Albert Lea, MN 56007
Phone:(507) 373-7200
Fax:(507) 373-7205
Website:https://www.alcitycountycu.org
Branches:1 branch locations
Members:1,781
Credit Union Type:Federal Credit Union
Charter Number:24679
Membership Type:Multiple common bond - Primarily federal, state, local government
Corporate Credit Union:No
Year Opened:1950
Last Audited:Jun 01, 2024
FHLB Member:No
Low Income Designation:No
Assets:$27,015,403
CEO/Manager:Brady D Jones
Chairperson:Vickie Storlie

Call Report

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,853,381
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 875,480
 Unsecured Loans 268,078
 Other Loans 3,267,230
 TOTAL LOANS 5,633,472
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -50,687
 Land And Building 203,556
 Other Fixed Assets 8,058
 NCUSIF (National Credit Union Share Insurance Fund) Deposit 223,924
 All Other Assets 0
  TOTAL ASSETS 27,015,403
LIABILITIES & CAPITAL:  
 Dividends Payable 83,422
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 503,168
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 4,761,692
 Regular shares 10,571,752
 All Other Shares & Deposits 8,527,167
  TOTAL SHARES & DEPOSITS 23,860,611
  TOTAL LIABILITIES 25,079,096
 Regular Reserve 0
 Other Reserves 197,753
 Undivided Earnings 2,449,372
  TOTAL EQUITY 2,647,125
  TOTAL LIABILITIES, SHARES, & EQUITY 27,353,564
INCOME & EXPENSE  
 Loan Income 139,846
 Investment Income 265,179
 Other Income 45,770
 Total Employee Compensation & Benefits 140,230
 NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense 0
 Total Other Operating Expenses 271,256
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 6,687
 Cost of Funds 30,578
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 11,993
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