Dec, 31, 2022 — 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 73 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 W Main St 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, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $27,015,403 |
| CEO/Manager: | Brady D Jones |
| Chairperson: | Vickie Storlie |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,187,787 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,148,077 |
| Unsecured Loans | 301,529 |
| Other Loans | 4,183,866 |
| TOTAL LOANS | 5,633,472 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -30,916 |
| Land And Building | 203,556 |
| Other Fixed Assets | 8,058 |
| NCUSIF Deposit | 223,924 |
| All Other Assets | 0 |
| TOTAL ASSETS | 27,015,403 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 4,499 |
| 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 | 24,368,278 |
| Regular Reserve | 0 |
| Other Reserves | 197,753 |
| Undivided Earnings | 2,449,372 |
| TOTAL EQUITY | 2,647,125 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 27,015,403 |
| INCOME & EXPENSE | |
| Loan Income | 134,619 |
| Investment Income | 204,197 |
| Other Income | 50,148 |
| Total Employee Compensation & Benefits | 207,490 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 203,996 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,147 |
| Cost of Funds | 30,578 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 42,286 |
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