DIVERSIFIED CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.diversifiedcu.org for more information.
Jun, 30, 2024 — DIVERSIFIED CREDIT UNION is a federally insured state chartered credit union headquartered in MINNEAPOLIS, MN with 2 branch locations and about $41.85 million in total assets. Opened 95 years ago in 1930, DIVERSIFIED CREDIT UNION has about 2,892 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | DIVERSIFIED CREDIT UNION |
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Address: (Main Office) | 700 LINDEN AVE W MINNEAPOLIS, MN 55403 |
Phone: | (612) 321-5300 |
Fax: | (612) 321-5297 |
Website: | https://www.diversifiedcu.org |
Branches: | 2 branch locations |
Members: | 2,892 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 61726 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1930 |
Last Audited: | Aug 01, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $41,852,773 |
CEO/Manager: | Scott A Pentila |
Chairperson: | paul miller |
ASSETS: | $ Amount |
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Cash & Equivalents | 10,558,757 |
TOTAL INVESTMENTS | 56,671 |
Loans Held for Sale | 0 |
Real Estate Loans | 7,094,601 |
Unsecured Loans | 1,182,279 |
Other Loans | 23,417,703 |
TOTAL LOANS | 31,694,583 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -504,067 |
Land And Building | 0 |
Other Fixed Assets | 30,307 |
NCUSIF Deposit | 311,406 |
All Other Assets | -294,884 |
TOTAL ASSETS | 41,852,773 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1,624 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 37,227 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 8,354,239 |
Regular shares | 13,963,298 |
All Other Shares & Deposits | 16,569,253 |
TOTAL SHARES & DEPOSITS | 38,886,790 |
TOTAL LIABILITIES | 38,925,641 |
Regular Reserve | 606,973 |
Other Reserves | 0 |
Undivided Earnings | 2,320,159 |
TOTAL EQUITY | 2,927,132 |
TOTAL LIABILITIES, SHARES, & EQUITY | 41,852,773 |
INCOME & EXPENSE | |
Loan Income | 504,786 |
Investment Income | 3,086 |
Other Income | 29,715 |
Total Employee Compensation & Benefits | 447,980 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 767,332 |
Non-operating Income & (Expense) | 55,953 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 93,100 |
Cost of Funds | 39,390 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -760,400 |
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