AE GOETZE EMPLOYEES CREDIT UNION is no longer an active credit union according to the NCUA.
Jun, 30, 2024 — 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 63 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 |
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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 |
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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 |
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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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