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.
Name: | EMBARRASS VERMILLION FEDERAL CREDIT UNION |
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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 |
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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 |
ASSETS: | $ Amount |
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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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