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TRUE NORTH FEDERAL CREDIT UNION

Jun, 30, 2023 — TRUE NORTH FEDERAL CREDIT UNION is a federal credit union headquartered in JUNEAU, AK with 3 branch locations and about $217.56 million in total assets. Opened 76 years ago in 1948, TRUE NORTH FEDERAL CREDIT UNION has about 12,483 members and employs 56 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: 325272270
Name:TRUE NORTH FEDERAL CREDIT UNION
Address:
(Main Office)
2777 Postal Way
JUNEAU, AK 99801
Phone:(907) 523-4778
Fax:(907) 586-8078
Website:https://www.truenorthfcu.org
Branches:3 branch locations
Members:12,483
Credit Union Type:Federal Credit Union
Charter Number:5892
Membership Type:Multiple common bond - Primarily federal, state, local government
Corporate Credit Union:No
Year Opened:1948
Last Audited:Dec 01, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$217,563,306
CEO/Manager:Lauren MacVay
Chairperson:Christine Moleski

Call Report

  • Credit Builder
  • First Time Homebuyer Program
  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 47,816,722
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 46,220,879
 Unsecured Loans 6,954,316
 Other Loans 75,967,533
 TOTAL LOANS 129,142,728
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -997,861
 Land And Building 2,770,961
 Other Fixed Assets 1,169,961
 NCUSIF Deposit 1,758,995
 All Other Assets 52,670
  TOTAL ASSETS 217,563,306
LIABILITIES & CAPITAL:  
 Dividends Payable 67,503
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,632,573
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 56,188,409
 Regular shares 65,783,821
 All Other Shares & Deposits 75,321,477
  TOTAL SHARES & DEPOSITS 197,293,707
  TOTAL LIABILITIES 199,993,783
 Regular Reserve 0
 Other Reserves 2,948,899
 Undivided Earnings 14,620,624
  TOTAL EQUITY 17,569,523
  TOTAL LIABILITIES, SHARES, & EQUITY 217,563,306
INCOME & EXPENSE  
 Loan Income 4,955,118
 Investment Income 617,005
 Other Income 1,343,491
 Total Employee Compensation & Benefits 3,614,485
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,461,148
 Non-operating Income & (Expense) 29,086
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 160,700
 Cost of Funds 223,566
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,124,860
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