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National Credit Union Service Organization

NORSTAR FEDERAL CREDIT UNION

Mar, 31, 2022 — NORSTAR FEDERAL CREDIT UNION is a federal credit union headquartered in BRITTON, SD with 3 branch locations and about $64.67 million in total assets. Opened 80 years ago in 1942, NORSTAR FEDERAL CREDIT UNION has about 2,936 members and employs 9 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: 291479233
Name:NORSTAR FEDERAL CREDIT UNION
Address:
(Main Office)
515 VANDER HORCK ST
BRITTON, SD 57430
Phone:(605) 448-2292
Fax:(605) 448-2293
Website:norstarfcu.com
Branches:3 branch locations
Members:2,936
Credit Union Type:Federal Credit Union
Charter Number:4951
Membership Type:Community - Rural District
Corporate Credit Union:No
Year Opened:1942
Last Audited:Jun 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$64,670,074
CEO/Manager:JANE DUERRE
Chairperson:Kurtis Larson

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 5,863,429
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 10,147,044
 Unsecured Loans 337,823
 Other Loans 19,200,174
 TOTAL LOANS 30,436,051
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -210,599
 Land And Building 1,188,493
 Other Fixed Assets 16,454
 NCUSIF Deposit 450,097
 All Other Assets 0
  TOTAL ASSETS 64,670,074
LIABILITIES & CAPITAL:  
 Dividends Payable 21,789
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities -21,205
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 21,137,297
 Regular shares 20,444,525
 All Other Shares & Deposits 14,798,935
  TOTAL SHARES & DEPOSITS 56,380,757
  TOTAL LIABILITIES 56,381,341
 Regular Reserve 0
 Other Reserves 368,142
 Undivided Earnings 7,920,591
  TOTAL EQUITY 8,288,733
  TOTAL LIABILITIES, SHARES, & EQUITY 64,670,074
INCOME & EXPENSE  
 Loan Income 268,316
 Investment Income 46,821
 Other Income 19,378
 Total Employee Compensation & Benefits 160,445
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 141,137
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -68,394
 Cost of Funds 34,920
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 163,391
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