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TEAMSTERS CREDIT UNION

Jun, 30, 2023 — TEAMSTERS CREDIT UNION is a federally insured state chartered credit union headquartered in BLAINE, MN with 1 branch location and about $14.07 million in total assets. Opened 50 years ago in 1974, TEAMSTERS CREDIT UNION has about 1,883 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:TEAMSTERS CREDIT UNION
Address:
(Main Office)
9422 Ulysses St NE Ste 140
BLAINE, MN 55434-3575
Phone:(763) 267-6300
Fax:(763) 267-6306
Website:https://mnteamsterscu.com
Branches:1 branch locations
Members:1,883
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:61824
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1974
Last Audited:Aug 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$14,065,127
CEO/Manager:Andrea T Adams
Chairperson:Jeff Eckman

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 938,859
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 902,228
 Unsecured Loans 226,727
 Other Loans 6,323,357
 TOTAL LOANS 7,452,312
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -95,780
 Land And Building 0
 Other Fixed Assets 8,929
 NCUSIF Deposit 124,515
 All Other Assets 0
  TOTAL ASSETS 14,065,127
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 33,227
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,309,580
 Regular shares 6,165,973
 All Other Shares & Deposits 5,256,683
  TOTAL SHARES & DEPOSITS 12,732,236
  TOTAL LIABILITIES 12,765,463
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 1,299,664
  TOTAL EQUITY 1,299,664
  TOTAL LIABILITIES, SHARES, & EQUITY 14,065,127
INCOME & EXPENSE  
 Loan Income 301,385
 Investment Income 47,493
 Other Income 45,725
 Total Employee Compensation & Benefits 225,557
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 139,875
 Non-operating Income & (Expense) 4,201
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 10,000
 Cost of Funds 13,732
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 65,628
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