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EMBARRASS VERMILLION FEDERAL CREDIT UNION

Jun, 30, 2024 — EMBARRASS VERMILLION FEDERAL CREDIT UNION is a federal credit union headquartered in AURORA, MN with 5 branch locations and about $58.84 million in total assets. Opened 83 years ago in 1941, EMBARRASS VERMILLION FEDERAL CREDIT UNION has about 4,794 members and employs 16 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 291273905
Name:EMBARRASS VERMILLION FEDERAL CREDIT UNION
Address:
(Main Office)
600 W 3rd Ave N
AURORA, MN 55705-1269
Phone:(218) 229-2048
Fax:(218) 229-2096
Website:https://www.evfcu.org
Branches:5 branch locations
Members:4,794
Credit Union Type:Federal Credit Union
Charter Number:4708
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1941
Last Audited:Jun 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$58,841,931
CEO/Manager:James Kramar
Chairperson:Marty Hendrickson

Call Report

  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 11,064,956
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 15,714,010
 Unsecured Loans 2,914,384
 Other Loans 15,094,520
 TOTAL LOANS 33,722,914
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -136,703
 Land And Building 1,793,793
 Other Fixed Assets 242,092
 NCUSIF Deposit 476,047
 All Other Assets 0
  TOTAL ASSETS 58,841,931
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 497,332
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 10,108,350
 Regular shares 35,827,391
 All Other Shares & Deposits 5,719,570
  TOTAL SHARES & DEPOSITS 51,655,311
  TOTAL LIABILITIES 52,152,643
 Regular Reserve 0
 Other Reserves 596,160
 Undivided Earnings 6,093,128
  TOTAL EQUITY 6,689,288
  TOTAL LIABILITIES, SHARES, & EQUITY 58,841,931
INCOME & EXPENSE  
 Loan Income 1,582,144
 Investment Income 158,747
 Other Income 163,793
 Total Employee Compensation & Benefits 819,683
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 761,407
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 125,000
 Cost of Funds 102,967
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 396,542
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