Dec, 31, 2023 — TOWN AND COUNTRY CREDIT UNION is a federally insured state chartered credit union headquartered in MINOT, ND with 11 branch locations and about $683.15 million in total assets. Opened 85 years ago in 1939, TOWN AND COUNTRY CREDIT UNION has about 27,664 members and employs 189 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TOWN AND COUNTRY CREDIT UNION |
|---|---|
| Address: (Main Office) | 615 S Broadway MINOT, ND 58701-4473 |
| Phone: | (701) 852-2018 |
| Fax: | (701) 839-5740 |
| Website: | https://www.townandcountry.org |
| Branches: | 11 branch locations |
| Members: | 27,664 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60790 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1939 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $683,146,971 |
| CEO/Manager: | Brad Houle |
| Chairperson: | Kevin Harmon |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 55,867,637 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 2,322,240 |
| Real Estate Loans | 345,854,822 |
| Unsecured Loans | 13,576,421 |
| Other Loans | 239,511,750 |
| TOTAL LOANS | 598,942,993 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,131,547 |
| Land And Building | 12,844,743 |
| Other Fixed Assets | 1,801,611 |
| NCUSIF Deposit | 4,991,808 |
| All Other Assets | 0 |
| TOTAL ASSETS | 683,146,971 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 7,544,115 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 163,354,436 |
| Regular shares | 94,125,955 |
| All Other Shares & Deposits | 334,398,438 |
| TOTAL SHARES & DEPOSITS | 591,878,830 |
| TOTAL LIABILITIES | 599,422,945 |
| Regular Reserve | 0 |
| Other Reserves | 25,000,232 |
| Undivided Earnings | 58,723,794 |
| TOTAL EQUITY | 83,724,026 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 683,146,971 |
| INCOME & EXPENSE | |
| Loan Income | 27,089,448 |
| Investment Income | 3,080,429 |
| Other Income | 1,917,565 |
| Total Employee Compensation & Benefits | 21,084,507 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 10,386,918 |
| Non-operating Income & (Expense) | 341,494 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 7,768,001 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,140,428 |
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