Sep, 30, 2025 — MEMBERS COOPERATIVE CREDIT UNION is a federally insured state chartered credit union headquartered in DULUTH, MN with 12 branch locations and about $1.16 billion in total assets. Opened 90 years ago in 1936, MEMBERS COOPERATIVE CREDIT UNION has about 58,339 members and employs 203 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MEMBERS COOPERATIVE CREDIT UNION |
|---|---|
| Address: (Main Office) | 215 N 40th Ave W DULUTH, MN 55807 |
| Phone: | (218) 625-8500 |
| Fax: | (218) 624-1571 |
| Website: | https://www.membersccu.com |
| Branches: | 12 branch locations |
| Members: | 58,339 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60216 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,162,745,310 |
| CEO/Manager: | Stephen Ewers |
| Chairperson: | Doris A Dahl |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 36,952,836 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 708,017 |
| Real Estate Loans | 547,452,442 |
| Unsecured Loans | 15,367,296 |
| Other Loans | 376,881,723 |
| TOTAL LOANS | 939,727,225 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -9,685,502 |
| Land And Building | 22,124,904 |
| Other Fixed Assets | 5,035,495 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 8,656,599 |
| All Other Assets | 1,319,867 |
| TOTAL ASSETS | 1,162,745,310 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,662,310 |
| Notes & Interest Payable | 84,825,000 |
| Accounts Payable & Other Liabilities | 17,418,742 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 199,999,673 |
| Regular shares | 222,845,996 |
| All Other Shares & Deposits | 523,863,122 |
| TOTAL SHARES & DEPOSITS | 946,708,791 |
| TOTAL LIABILITIES | 1,050,635,444 |
| Regular Reserve | 0 |
| Other Reserves | 15,726,139 |
| Undivided Earnings | 96,383,727 |
| TOTAL EQUITY | 112,109,866 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,162,745,310 |
| INCOME & EXPENSE | |
| Loan Income | 36,772,138 |
| Investment Income | 3,811,415 |
| Other Income | 4,366,384 |
| Total Employee Compensation & Benefits | 16,029,185 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 13,163,270 |
| Non-operating Income & (Expense) | 43,417 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,739,048 |
| Cost of Funds | 12,997,886 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,829,942 |
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