NORTHERN ENERGY FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://northernenergyfcu.com for more information.
Dec, 31, 2023 — NORTHERN ENERGY FEDERAL CREDIT UNION is a federal credit union headquartered in MANKATO, MN with 0 branch location and about $7.11 million in total assets. Opened 91 years ago in 1933, NORTHERN ENERGY FEDERAL CREDIT UNION has about 978 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NORTHERN ENERGY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 210 E LIME ST MANKATO, MN 56001-3348 |
| Phone: | (507) 387-9685 |
| Fax: | (507) 387-9604 |
| Website: | https://northernenergyfcu.com |
| Branches: | 0 branch locations |
| Members: | 978 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24701 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1933 |
| Last Audited: | Dec 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $7,106,804 |
| CEO/Manager: | Darci A DePoppe |
| Chairperson: | Marcus Hendrickson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,510,863 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 165,536 |
| Other Loans | 4,010,788 |
| TOTAL LOANS | 4,176,324 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -44,252 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 54,519 |
| All Other Assets | 0 |
| TOTAL ASSETS | 7,106,804 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 240 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 284,940 |
| Regular shares | 3,559,117 |
| All Other Shares & Deposits | 2,175,428 |
| TOTAL SHARES & DEPOSITS | 6,019,485 |
| TOTAL LIABILITIES | 6,019,725 |
| Regular Reserve | 0 |
| Other Reserves | 212,201 |
| Undivided Earnings | 874,878 |
| TOTAL EQUITY | 1,087,079 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 7,106,804 |
| INCOME & EXPENSE | |
| Loan Income | 14,569 |
| Investment Income | 44 |
| Other Income | 93 |
| Total Employee Compensation & Benefits | 2,040 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 11,032 |
| Non-operating Income & (Expense) | 1,000 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 1,910 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 7,974 |
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