Sep, 30, 2025 — AREA COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in GRAND FORKS, ND with 2 branch locations and about $27.12 million in total assets. Opened 62 years ago in 1964, AREA COMMUNITY CREDIT UNION has about 1,916 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | AREA COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 2800 S Washington St GRAND FORKS, ND 58201 |
| Phone: | (701) 772-2690 |
| Fax: | (701) 775-4253 |
| Website: | https://www.gfaccu.com |
| Branches: | 2 branch locations |
| Members: | 1,916 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 64294 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1964 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $27,123,190 |
| CEO/Manager: | Connie Johnston |
| Chairperson: | Jonathon Vonesh |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,614,222 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,927,654 |
| Unsecured Loans | 396,011 |
| Other Loans | 11,365,517 |
| TOTAL LOANS | 16,689,182 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -234,331 |
| Land And Building | 195,254 |
| Other Fixed Assets | 69,528 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 197,657 |
| All Other Assets | 3,484 |
| TOTAL ASSETS | 27,123,190 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 91,319 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 96,966 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,898,099 |
| Regular shares | 7,254,603 |
| All Other Shares & Deposits | 10,709,247 |
| TOTAL SHARES & DEPOSITS | 21,861,949 |
| TOTAL LIABILITIES | 22,050,234 |
| Regular Reserve | 0 |
| Other Reserves | 355,340 |
| Undivided Earnings | 4,717,616 |
| TOTAL EQUITY | 5,072,956 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 27,123,190 |
| INCOME & EXPENSE | |
| Loan Income | 824,574 |
| Investment Income | 249,994 |
| Other Income | 166,346 |
| Total Employee Compensation & Benefits | 462,163 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 512,182 |
| Non-operating Income & (Expense) | -28,240 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 90,000 |
| Cost of Funds | 209,381 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -54,633 |
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