Sep, 30, 2025 — TWO HARBORS FEDERAL CREDIT UNION is a federal credit union headquartered in TWO HARBORS, MN with 1 branch location and about $116.61 million in total assets. Opened 78 years ago in 1948, TWO HARBORS FEDERAL CREDIT UNION has about 4,308 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: | TWO HARBORS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 801 11th St TWO HARBORS, MN 55616 |
| Phone: | (218) 834-2266 |
| Fax: | (218) 834-2250 |
| Website: | https://www.thfcu.org |
| Branches: | 1 branch locations |
| Members: | 4,308 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5721 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1948 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $116,613,734 |
| CEO/Manager: | Randy D Willert |
| Chairperson: | Greg G Ruberg |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 14,852,226 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 39,007,010 |
| Unsecured Loans | 1,275,597 |
| Other Loans | 33,122,868 |
| TOTAL LOANS | 73,405,476 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -335,535 |
| Land And Building | 2,969,058 |
| Other Fixed Assets | 261,872 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 868,111 |
| All Other Assets | 53,284 |
| TOTAL ASSETS | 116,613,734 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 178,387 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 712,995 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 16,379,352 |
| Regular shares | 26,959,761 |
| All Other Shares & Deposits | 56,001,427 |
| TOTAL SHARES & DEPOSITS | 99,340,541 |
| TOTAL LIABILITIES | 100,231,923 |
| Regular Reserve | 0 |
| Other Reserves | 1,266,578 |
| Undivided Earnings | 15,115,233 |
| TOTAL EQUITY | 16,381,811 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 116,613,734 |
| INCOME & EXPENSE | |
| Loan Income | 2,857,555 |
| Investment Income | 989,859 |
| Other Income | 215,260 |
| Total Employee Compensation & Benefits | 1,073,666 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,172,776 |
| Non-operating Income & (Expense) | 54,248 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 228,205 |
| Cost of Funds | 1,303,876 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 600,527 |
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