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NORTHERN ENERGY FEDERAL CREDIT UNION

Mar, 31, 2021 — NORTHERN ENERGY FEDERAL CREDIT UNION is a federal credit union headquartered in MANKATO, MN with 0 branch location and about $7.05 million in total assets. Opened 88 years ago in 1933, NORTHERN ENERGY FEDERAL CREDIT UNION has about 1,039 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 291974194
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:http://northernenergyfcu.com
Branches:0 branch locations
Members:1,039
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:Feb 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$7,050,260
CEO/Manager:Darci A DePoppe
Chairperson:Marcus Hendrickson

Call Report

  • Overdraft Protection
  • Pay Day Loans
  • Risk Based Loans
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 331,292
TOTAL INVESTMENTS 1,968,000
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 231,024
 Other Loans 4,499,566
 TOTAL LOANS 4,730,590
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -56,368
 Land And Building 0
 Other Fixed Assets 10,900
 NCUSIF Deposit 52,138
 All Other Assets 13,708
  TOTAL ASSETS 7,050,260
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 6,377
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 259,156
 Regular shares 3,734,699
 All Other Shares & Deposits 1,973,419
  TOTAL SHARES & DEPOSITS 5,967,274
  TOTAL LIABILITIES 5,973,651
 Regular Reserve 212,201
 Other Reserves 0
 Undivided Earnings 864,408
  TOTAL EQUITY 1,076,609
  TOTAL LIABILITIES, SHARES, & EQUITY 7,050,260
INCOME & EXPENSE  
 Loan Income 49,096
 Investment Income 1,375
 Other Income 548
 Total Employee Compensation & Benefits 26,125
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 15,231
 Non-operating Income & (Expense) 1,170
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 5,167
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 6,563
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