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.
Name: | UNITED EMPLOYEES CREDIT UNION |
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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 |
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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 |
ASSETS: | $ Amount |
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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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