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WADENA FEDERAL CREDIT UNION

Jun, 30, 2021 — WADENA FEDERAL CREDIT UNION is a federal credit union headquartered in Wadena, MN with 0 branch location and about $14.18 million in total assets. Opened 72 years ago in 1949, WADENA FEDERAL CREDIT UNION has about 1,454 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:WADENA FEDERAL CREDIT UNION
Address:
(Main Office)
PO Box 307
Wadena, MN 56482
Phone:(218) 631-1401
Fax:(218) 632-5401
Website:n/a
Branches:0 branch locations
Members:1,454
Credit Union Type:Federal Credit Union
Charter Number:6040
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1949
Last Audited:Jul 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$14,183,200
CEO/Manager:Kim Pexsa
Chairperson:Ricky Schwartz

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,999,579
TOTAL INVESTMENTS 8,508,459
Loans Held for Sale 0
 
 Real Estate Loans 59,331
 Unsecured Loans 24,718
 Other Loans 2,559,635
 TOTAL LOANS 2,643,684
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -121,789
 Land And Building 0
 Other Fixed Assets 33
 NCUSIF Deposit 99,665
 All Other Assets 53,569
  TOTAL ASSETS 14,183,200
LIABILITIES & CAPITAL:  
 Dividends Payable 175
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 0
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,426,159
 Regular shares 2,714,888
 All Other Shares & Deposits 5,627,599
  TOTAL SHARES & DEPOSITS 10,768,646
  TOTAL LIABILITIES 10,768,821
 Regular Reserve 148,026
 Other Reserves 0
 Undivided Earnings 3,266,353
  TOTAL EQUITY 3,414,379
  TOTAL LIABILITIES, SHARES, & EQUITY 14,183,200
INCOME & EXPENSE  
 Loan Income 96,170
 Investment Income 75,181
 Other Income 6,037
 Total Employee Compensation & Benefits 87,745
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 52,032
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 12,227
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 25,644
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