Jun, 30, 2024 — 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.
| 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 |
| 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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