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.
| 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 |
| 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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