Dec, 31, 2023 — PIPEFITTERS-STEAMFITTERS CREDIT UNION is a federally insured state chartered credit union headquartered in WOODBURY, MN with 2 branch locations and about $51.74 million in total assets. Opened 67 years ago in 1957, PIPEFITTERS-STEAMFITTERS CREDIT UNION has about 3,491 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PIPEFITTERS-STEAMFITTERS CREDIT UNION |
|---|---|
| Address: (Main Office) | 6445 Lake Road Ter Ste 100 WOODBURY, MN 55125-1495 |
| Phone: | (651) 227-0771 |
| Fax: | (651) 228-0824 |
| Website: | https://www.pipefitterscu.org |
| Branches: | 2 branch locations |
| Members: | 3,491 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63157 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $51,735,962 |
| CEO/Manager: | Jennifer J Davis |
| Chairperson: | MARK SLAGLE |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,135,251 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,126,271 |
| Unsecured Loans | 5,560,827 |
| Other Loans | 17,015,429 |
| TOTAL LOANS | 25,702,527 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -122,497 |
| Land And Building | 0 |
| Other Fixed Assets | 67,315 |
| NCUSIF Deposit | 415,694 |
| All Other Assets | 0 |
| TOTAL ASSETS | 51,735,962 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 390,565 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 10,878,971 |
| Regular shares | 28,965,538 |
| All Other Shares & Deposits | 6,029,337 |
| TOTAL SHARES & DEPOSITS | 45,873,846 |
| TOTAL LIABILITIES | 46,264,411 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 5,471,551 |
| TOTAL EQUITY | 5,471,551 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 51,735,962 |
| INCOME & EXPENSE | |
| Loan Income | 1,381,254 |
| Investment Income | 747,999 |
| Other Income | 100,267 |
| Total Employee Compensation & Benefits | 805,027 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 952,760 |
| Non-operating Income & (Expense) | 10,255 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 76,054 |
| Cost of Funds | 114,069 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 410,571 |
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