Jun, 30, 2024 — ZIEGLER FEDERAL CREDIT UNION is a federal credit union headquartered in BLOOMINGTON, MN with 1 branch location and about $5.50 million in total assets. Opened 77 years ago in 1948, ZIEGLER FEDERAL CREDIT UNION has about 740 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ZIEGLER FEDERAL CREDIT UNION |
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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: | 740 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 5781 |
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Membership Type: | Manufacturing - Machinery |
Corporate Credit Union: | No |
Year Opened: | 1948 |
Last Audited: | Mar 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $5,495,969 |
CEO/Manager: | Valerie L Lembke |
Chairperson: | Dale Welters |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,391,170 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 63,867 |
Other Loans | 1,057,747 |
TOTAL LOANS | 1,121,614 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -20,086 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 48,585 |
All Other Assets | 0 |
TOTAL ASSETS | 5,495,969 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 504 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,184 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 4,625,633 |
All Other Shares & Deposits | 30,000 |
TOTAL SHARES & DEPOSITS | 4,655,633 |
TOTAL LIABILITIES | 4,657,321 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 838,648 |
TOTAL EQUITY | 838,648 |
TOTAL LIABILITIES, SHARES, & EQUITY | 5,495,969 |
INCOME & EXPENSE | |
Loan Income | 52,372 |
Investment Income | 21,042 |
Other Income | 27 |
Total Employee Compensation & Benefits | 37,408 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 10,446 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 9,049 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 22,161 |
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