Jun, 30, 2023 — FREEDOM COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in FARGO, ND with 2 branch locations and about $31.52 million in total assets. Opened 69 years ago in 1954, FREEDOM COMMUNITY CREDIT UNION has about 2,425 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: | https://www.freedomccu.com |
Branches: | 2 branch locations |
Members: | 2,425 |
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: | $31,522,367 |
CEO/Manager: | Mary B Hagen |
Chairperson: | Robert Foss |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,486,874 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 4,908,455 |
Unsecured Loans | 996,621 |
Other Loans | 7,791,671 |
TOTAL LOANS | 13,696,747 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -73,542 |
Land And Building | 1,145,833 |
Other Fixed Assets | 19,363 |
NCUSIF Deposit | 282,999 |
All Other Assets | 0 |
TOTAL ASSETS | 31,522,367 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 159,177 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 6,040,465 |
Regular shares | 8,723,649 |
All Other Shares & Deposits | 14,000,261 |
TOTAL SHARES & DEPOSITS | 28,764,375 |
TOTAL LIABILITIES | 28,923,552 |
Regular Reserve | 0 |
Other Reserves | 617,744 |
Undivided Earnings | 1,981,071 |
TOTAL EQUITY | 2,598,815 |
TOTAL LIABILITIES, SHARES, & EQUITY | 31,522,367 |
INCOME & EXPENSE | |
Loan Income | 410,932 |
Investment Income | 91,846 |
Other Income | 55,830 |
Total Employee Compensation & Benefits | 283,220 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 269,451 |
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 | 6,779 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -7,230 |
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