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National Credit Union Service Organization

FINANCIAL ONE CREDIT UNION

Dec, 31, 2023 — FINANCIAL ONE CREDIT UNION is a federally insured state chartered credit union headquartered in Columbia Height, MN with 3 branch locations and about $204.39 million in total assets. Opened 91 years ago in 1933, FINANCIAL ONE CREDIT UNION has about 10,242 members and employs 36 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 291073503
Name:FINANCIAL ONE CREDIT UNION
Address:
(Main Office)
843 40th Ave NE
Columbia Height, MN 55421
Phone:(763) 404-7600
Fax:(763) 404-7630
Website:https://financialonecu.com
Branches:3 branch locations
Members:10,242
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:64287
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1933
Last Audited:Sep 01, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$204,386,931
CEO/Manager:Ross V Bloomquist
Chairperson:Kenneth Gauvin

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,407,918
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 44,635,674
 Unsecured Loans 5,436,365
 Other Loans 132,485,570
 TOTAL LOANS 183,054,640
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,324,546
 Land And Building 1,812,999
 Other Fixed Assets 487,656
 NCUSIF Deposit 1,685,133
 All Other Assets 0
  TOTAL ASSETS 204,386,931
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 18,175,867
 Accounts Payable & Other Liabilities 3,211,409
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 42,336,952
 Regular shares 56,570,046
 All Other Shares & Deposits 68,125,622
  TOTAL SHARES & DEPOSITS 167,032,620
  TOTAL LIABILITIES 188,419,896
 Regular Reserve 0
 Other Reserves 293,625
 Undivided Earnings 15,673,410
  TOTAL EQUITY 15,967,035
  TOTAL LIABILITIES, SHARES, & EQUITY 204,386,931
INCOME & EXPENSE  
 Loan Income 6,592,912
 Investment Income 122,602
 Other Income 726,782
 Total Employee Compensation & Benefits 2,654,331
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 5,091,612
 Non-operating Income & (Expense) -17,767
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 286,140
 Cost of Funds 812,156
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -440,565
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