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FREEDOM COMMUNITY CREDIT UNION

Mar, 31, 2022 — FREEDOM COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in FARGO, ND with 2 branch locations and about $32.25 million in total assets. Opened 68 years ago in 1954, FREEDOM COMMUNITY CREDIT UNION has about 2,463 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:FREEDOM COMMUNITY CREDIT UNION
Address:
(Main Office)
2940 University Dr N
FARGO, ND 58102
Phone:(701) 232-0828
Fax:(701) 293-7339
Website:http://www.freedomccu.com
Branches:2 branch locations
Members:2,463
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:62722
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1954
Last Audited:Sep 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$32,248,716
CEO/Manager:Mary B Hagen
Chairperson:Robert Foss

Call Report

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,096,536
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 5,238,809
 Unsecured Loans 1,012,127
 Other Loans 7,334,837
 TOTAL LOANS 13,585,773
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -68,173
 Land And Building 1,161,468
 Other Fixed Assets 24,804
 NCUSIF Deposit 275,041
 All Other Assets 0
  TOTAL ASSETS 32,248,716
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 81,098
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 5,373,199
 Regular shares 9,372,224
 All Other Shares & Deposits 14,847,741
  TOTAL SHARES & DEPOSITS 29,593,164
  TOTAL LIABILITIES 29,674,262
 Regular Reserve 0
 Other Reserves 617,744
 Undivided Earnings 1,956,710
  TOTAL EQUITY 2,574,454
  TOTAL LIABILITIES, SHARES, & EQUITY 32,248,716
INCOME & EXPENSE  
 Loan Income 141,362
 Investment Income 29,547
 Other Income 16,878
 Total Employee Compensation & Benefits 91,949
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 112,027
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 16,550
 Cost of Funds 2,271
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -31,590
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