Sep, 30, 2025 — DULUTH FIRE DEPARTMENT CREDIT UNION is a federally insured state chartered credit union headquartered in DULUTH, MN with 1 branch location and about $7.51 million in total assets. Opened 89 years ago in 1937, DULUTH FIRE DEPARTMENT CREDIT UNION has about 364 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | DULUTH FIRE DEPARTMENT CREDIT UNION |
|---|---|
| Address: (Main Office) | 602 W 2nd St DULUTH, MN 55802 |
| Phone: | (218) 723-8357 |
| Fax: | (218) 722-2702 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 364 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60750 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Jul 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $7,513,556 |
| CEO/Manager: | David Torgerson |
| Chairperson: | Chad Cooke |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,814,077 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 107,280 |
| Other Loans | 2,618,933 |
| TOTAL LOANS | 2,726,213 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -13,169 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 48,435 |
| All Other Assets | 0 |
| TOTAL ASSETS | 7,513,556 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 0 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 2,474,853 |
| All Other Shares & Deposits | 3,708,986 |
| TOTAL SHARES & DEPOSITS | 6,183,839 |
| TOTAL LIABILITIES | 6,183,839 |
| Regular Reserve | 0 |
| Other Reserves | 188,888 |
| Undivided Earnings | 1,140,829 |
| TOTAL EQUITY | 1,329,717 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 7,513,556 |
| INCOME & EXPENSE | |
| Loan Income | 127,022 |
| Investment Income | 108,139 |
| Other Income | 0 |
| Total Employee Compensation & Benefits | 53,173 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 35,106 |
| Non-operating Income & (Expense) | 106 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 90,892 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 56,096 |
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