Sep, 30, 2025 — HOMETOWN CREDIT UNION is a federally insured state chartered credit union headquartered in KULM, ND with 5 branch locations and about $211.05 million in total assets. Opened 77 years ago in 1949, HOMETOWN CREDIT UNION has about 3,354 members and employs 43 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HOMETOWN CREDIT UNION |
|---|---|
| Address: (Main Office) | 18 MAIN AVE S KULM, ND 58456 |
| Phone: | (701) 647-2448 |
| Fax: | (701) 647-2449 |
| Website: | https://www.hcuonline.com |
| Branches: | 5 branch locations |
| Members: | 3,354 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61648 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1949 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $211,049,692 |
| CEO/Manager: | HAROLD HAGEN |
| Chairperson: | JOSHUA D LAND |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 11,128,692 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 89,378,363 |
| Unsecured Loans | 325,226 |
| Other Loans | 80,737,713 |
| TOTAL LOANS | 171,454,988 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,023,848 |
| Land And Building | 1,864,467 |
| Other Fixed Assets | 382,845 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,589,691 |
| All Other Assets | 50,000 |
| TOTAL ASSETS | 211,049,692 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,314,205 |
| Notes & Interest Payable | 5,000,000 |
| Accounts Payable & Other Liabilities | -14,614 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 15,975,593 |
| Regular shares | 46,442,856 |
| All Other Shares & Deposits | 109,776,362 |
| TOTAL SHARES & DEPOSITS | 172,194,811 |
| TOTAL LIABILITIES | 178,494,402 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 32,555,290 |
| TOTAL EQUITY | 32,555,290 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 211,049,692 |
| INCOME & EXPENSE | |
| Loan Income | 8,143,147 |
| Investment Income | 1,005,016 |
| Other Income | 155,451 |
| Total Employee Compensation & Benefits | 2,393,753 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,069,014 |
| Non-operating Income & (Expense) | 71,197 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 136,500 |
| Cost of Funds | 4,336,953 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,546,862 |
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