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CITY AND COUNTY EMPLOYEES FEDERAL CREDIT UNION

Jun, 30, 2023 — 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 74 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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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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