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UNITED EMPLOYEES CREDIT UNION

Jun, 30, 2024 — UNITED EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in ALBERT LEA, MN with 1 branch location and about $53.95 million in total assets. Opened 93 years ago in 1932, UNITED EMPLOYEES CREDIT UNION has about 4,209 members and employs 8 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: 291973205
Name:UNITED EMPLOYEES CREDIT UNION
Address:
(Main Office)
430 Bridge Ave
ALBERT LEA, MN 56007
Phone:(507) 377-1616
Fax:(507) 377-8907
Website:https://www.unitedecu.com
Branches:1 branch locations
Members:4,209
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:60263
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1932
Last Audited:Sep 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$53,947,467
CEO/Manager:Matt Maras
Chairperson:C. Thayne Nordland

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,133,259
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 3,202,665
 Unsecured Loans 432,248
 Other Loans 21,776,981
 TOTAL LOANS 25,411,894
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -50,002
 Land And Building 128,618
 Other Fixed Assets 23,454
 NCUSIF Deposit 443,561
 All Other Assets 0
  TOTAL ASSETS 53,947,467
LIABILITIES & CAPITAL:  
 Dividends Payable 43,948
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 60,774
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 6,340,750
 Regular shares 22,763,655
 All Other Shares & Deposits 17,929,541
  TOTAL SHARES & DEPOSITS 47,033,946
  TOTAL LIABILITIES 47,138,668
 Regular Reserve 0
 Other Reserves 792,129
 Undivided Earnings 6,016,670
  TOTAL EQUITY 6,808,799
  TOTAL LIABILITIES, SHARES, & EQUITY 53,947,467
INCOME & EXPENSE  
 Loan Income 624,740
 Investment Income 280,424
 Other Income 85,143
 Total Employee Compensation & Benefits 393,942
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 254,695
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 5,000
 Cost of Funds 89,200
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 381,527
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