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 |
| 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 |
| ↑ Back to Top | |