Sep, 30, 2025 — SHARE ADVANTAGE CREDIT UNION is a federally insured state chartered credit union headquartered in DULUTH, MN with 2 branch locations and about $56.02 million in total assets. Opened 100 years ago in 1926, SHARE ADVANTAGE CREDIT UNION has about 3,459 members and employs 12 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SHARE ADVANTAGE CREDIT UNION |
|---|---|
| Address: (Main Office) | 2502 Maple Grove Rd DULUTH, MN 55811-1864 |
| Phone: | (218) 740-2221 |
| Fax: | (218) 740-3080 |
| Website: | https://www.myshareadvantage.com |
| Branches: | 2 branch locations |
| Members: | 3,459 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60242 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1926 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $56,016,859 |
| CEO/Manager: | Kellee L Lueck Schafer |
| Chairperson: | Steve Ruce |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,674,609 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 27,778,476 |
| Unsecured Loans | 786,184 |
| Other Loans | 9,109,907 |
| TOTAL LOANS | 37,674,567 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -280,489 |
| Land And Building | 714,321 |
| Other Fixed Assets | 72,679 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 491,026 |
| All Other Assets | 0 |
| TOTAL ASSETS | 56,016,859 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 20,228 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 687,908 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 10,674,799 |
| Regular shares | 29,916,979 |
| All Other Shares & Deposits | 7,785,528 |
| TOTAL SHARES & DEPOSITS | 48,377,306 |
| TOTAL LIABILITIES | 49,085,442 |
| Regular Reserve | 0 |
| Other Reserves | 354,751 |
| Undivided Earnings | 6,576,666 |
| TOTAL EQUITY | 6,931,417 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 56,016,859 |
| INCOME & EXPENSE | |
| Loan Income | 1,580,945 |
| Investment Income | 426,079 |
| Other Income | 303,712 |
| Total Employee Compensation & Benefits | 798,436 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 850,149 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 20,000 |
| Cost of Funds | 129,741 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 524,122 |
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