Dec, 31, 2023 — MED PARK CREDIT UNION is a federally insured state chartered credit union headquartered in GRAND FORKS, ND with 1 branch location and about $17.08 million in total assets. Opened 59 years ago in 1965, MED PARK CREDIT UNION has about 1,610 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: | MED PARK CREDIT UNION |
|---|---|
| Address: (Main Office) | 2150 32nd Ave S Ste E GRAND FORKS, ND 58201 |
| Phone: | (701) 757-0793 |
| Fax: | |
| Website: | https://www.medparkcu.com |
| Branches: | 1 branch locations |
| Members: | 1,610 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62593 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1965 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $17,083,535 |
| CEO/Manager: | Veronica Holweger |
| Chairperson: | Ron Piper |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,160,648 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,711,920 |
| Unsecured Loans | 1,207,629 |
| Other Loans | 8,341,519 |
| TOTAL LOANS | 13,261,068 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -61,781 |
| Land And Building | 0 |
| Other Fixed Assets | 21,834 |
| NCUSIF Deposit | 171,498 |
| All Other Assets | 0 |
| TOTAL ASSETS | 17,083,535 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 7,484 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 78,223 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,990,151 |
| Regular shares | 9,249,645 |
| All Other Shares & Deposits | 2,364,312 |
| TOTAL SHARES & DEPOSITS | 14,604,108 |
| TOTAL LIABILITIES | 14,689,815 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,393,720 |
| TOTAL EQUITY | 2,393,720 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 17,083,535 |
| INCOME & EXPENSE | |
| Loan Income | 591,020 |
| Investment Income | 115,908 |
| Other Income | 154,454 |
| Total Employee Compensation & Benefits | 321,374 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 449,440 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,500 |
| Cost of Funds | 38,699 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 62,860 |
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