Sep, 30, 2025 — LATVIAN CREDIT UNION is a federally insured state chartered credit union headquartered in MINNEAPOLIS, MN with 1 branch location and about $5.71 million in total assets. Opened 61 years ago in 1965, LATVIAN CREDIT UNION has about 731 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LATVIAN CREDIT UNION |
|---|---|
| Address: (Main Office) | 3152 17th Ave S MINNEAPOLIS, MN 55407 |
| Phone: | (612) 722-5004 |
| Fax: | (612) 722-0174 |
| Website: | https://www.latviancu.com |
| Branches: | 1 branch locations |
| Members: | 731 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63891 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1965 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $5,710,495 |
| CEO/Manager: | Santa Kalnite |
| Chairperson: | Peter E Grotans |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 234,906 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,254,386 |
| Unsecured Loans | 80,566 |
| Other Loans | 3,839,789 |
| TOTAL LOANS | 5,174,742 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -20,000 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 47,941 |
| All Other Assets | 0 |
| TOTAL ASSETS | 5,710,495 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 13,553 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 10,095 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 670,518 |
| Regular shares | 2,396,963 |
| All Other Shares & Deposits | 1,983,808 |
| TOTAL SHARES & DEPOSITS | 5,051,289 |
| TOTAL LIABILITIES | 5,074,937 |
| Regular Reserve | 0 |
| Other Reserves | 81,504 |
| Undivided Earnings | 554,054 |
| TOTAL EQUITY | 635,558 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,710,495 |
| INCOME & EXPENSE | |
| Loan Income | 259,864 |
| Investment Income | 29,882 |
| Other Income | 17,644 |
| Total Employee Compensation & Benefits | 107,308 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 98,409 |
| Non-operating Income & (Expense) | 958 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 925 |
| Cost of Funds | 62,883 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 39,211 |
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