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TRUE NORTH FEDERAL CREDIT UNION

Dec, 31, 2021 — TRUE NORTH FEDERAL CREDIT UNION is a federal credit union headquartered in JUNEAU, AK with 3 branch locations and about $205.69 million in total assets. Opened 74 years ago in 1948, TRUE NORTH FEDERAL CREDIT UNION has about 12,536 members and employs 58 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:http://www.truenorthfcu.org
Branches:3 branch locations
Members:12,536
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$205,691,815
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 60,275,486
TOTAL INVESTMENTS 13,214,986
Loans Held for Sale 960,032
 
 Real Estate Loans 44,038,597
 Unsecured Loans 6,786,454
 Other Loans 74,481,038
 TOTAL LOANS 125,306,089
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,195,257
 Land And Building 2,820,819
 Other Fixed Assets 1,255,189
 NCUSIF Deposit 1,712,091
 All Other Assets 1,342,380
  TOTAL ASSETS 205,691,815
LIABILITIES & CAPITAL:  
 Dividends Payable 98,967
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,281,172
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 50,995,166
 Regular shares 60,684,392
 All Other Shares & Deposits 75,140,243
  TOTAL SHARES & DEPOSITS 186,819,801
  TOTAL LIABILITIES 188,199,940
 Regular Reserve 4,163,163
 Other Reserves -167,054
 Undivided Earnings 13,495,766
  TOTAL EQUITY 17,491,875
  TOTAL LIABILITIES, SHARES, & EQUITY 205,691,815
INCOME & EXPENSE  
 Loan Income 7,069,390
 Investment Income 176,849
 Other Income 2,216,123
 Total Employee Compensation & Benefits 4,861,028
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 3,389,862
 Non-operating Income & (Expense) 14,887
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 221,500
 Cost of Funds 383,311
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 2,056,651
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