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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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