Dec, 31, 2023 — ZIEGLER FEDERAL CREDIT UNION is a federal credit union headquartered in BLOOMINGTON, MN with 1 branch location and about $5.25 million in total assets. Opened 76 years ago in 1948, ZIEGLER FEDERAL CREDIT UNION has about 717 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ZIEGLER FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 901 W 94th St BLOOMINGTON, MN 55420-4236 |
| Phone: | (952) 885-8183 |
| Fax: | (952) 885-8212 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 717 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5781 |
|---|---|
| Membership Type: | Manufacturing - Machinery |
| Corporate Credit Union: | No |
| Year Opened: | 1948 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $5,251,822 |
| CEO/Manager: | Valerie L Lembke |
| Chairperson: | Dale Welters |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,541,569 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 60,277 |
| Other Loans | 1,889,621 |
| TOTAL LOANS | 1,949,898 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -22,466 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 45,893 |
| All Other Assets | 0 |
| TOTAL ASSETS | 5,251,822 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,919 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 4,282,388 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 4,282,388 |
| TOTAL LIABILITIES | 4,287,307 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 964,515 |
| TOTAL EQUITY | 964,515 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,251,822 |
| INCOME & EXPENSE | |
| Loan Income | 76,096 |
| Investment Income | 150,423 |
| Other Income | 0 |
| Total Employee Compensation & Benefits | 55,542 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 31,725 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 20,411 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 125,926 |
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