AE GOETZE EMPLOYEES CREDIT UNION is no longer an active credit union according to the NCUA.
Jun, 30, 2023 — AE GOETZE EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in Lake City, MN with 1 branch location and about $4.97 million in total assets. Opened 61 years ago in 1962, AE GOETZE EMPLOYEES CREDIT UNION has about 945 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | AE GOETZE EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | PO Box 190 Lake City, MN 55041-0190 |
| Phone: | (651) 345-5210 |
| Fax: | (651) 345-9913 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 945 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60264 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1962 |
| Last Audited: | Jan 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $4,966,337 |
| CEO/Manager: | John F Rutz |
| Chairperson: | John Fuchs |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,789,058 |
| TOTAL INVESTMENTS | 310,000 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 221,510 |
| Unsecured Loans | 233,428 |
| Other Loans | 2,294,739 |
| TOTAL LOANS | 2,749,677 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,530 |
| Land And Building | 63,900 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 44,270 |
| All Other Assets | 15,962 |
| TOTAL ASSETS | 4,966,337 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 113 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 2,911,403 |
| All Other Shares & Deposits | 1,724,685 |
| TOTAL SHARES & DEPOSITS | 4,636,088 |
| TOTAL LIABILITIES | 4,636,201 |
| Regular Reserve | 228,498 |
| Other Reserves | 0 |
| Undivided Earnings | 101,638 |
| TOTAL EQUITY | 330,136 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,966,337 |
| INCOME & EXPENSE | |
| Loan Income | 75,427 |
| Investment Income | 6,894 |
| Other Income | 2,013 |
| Total Employee Compensation & Benefits | 94,029 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 43,045 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,440 |
| Cost of Funds | 9,164 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -55,407 |
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