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National Credit Union Service Organization

ALEXANDRIA SCHOOLS EMPLOYEES CREDIT UNION

Jun, 30, 2021 — ALEXANDRIA SCHOOLS EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in Alexandria, MN with 1 branch location and about $7.65 million in total assets. Opened 67 years ago in 1954, ALEXANDRIA SCHOOLS EMPLOYEES CREDIT UNION has about 1,054 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:ALEXANDRIA SCHOOLS EMPLOYEES CREDIT UNION
Address:
(Main Office)
1110 Tabbert Rd NW
Alexandria, MN 56308
Phone:(320) 762-6533
Fax:(320) 762-6533
Website:http://www.alexcreditunion.org
Branches:1 branch locations
Members:1,054
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:64304
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1954
Last Audited:Jun 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$7,648,249
CEO/Manager:Craig Andrews
Chairperson:Pat Vickerman

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,608,129
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 825,886
 Unsecured Loans 40,711
 Other Loans 5,124,816
 TOTAL LOANS 5,991,413
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -15,135
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 63,842
 All Other Assets 0
  TOTAL ASSETS 7,648,249
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 0
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 6,584,536
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 6,584,536
  TOTAL LIABILITIES 6,584,536
 Regular Reserve 373,779
 Other Reserves 0
 Undivided Earnings 689,934
  TOTAL EQUITY 1,063,713
  TOTAL LIABILITIES, SHARES, & EQUITY 7,648,249
INCOME & EXPENSE  
 Loan Income 103,724
 Investment Income 3,037
 Other Income 0
 Total Employee Compensation & Benefits 29,942
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 17,347
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 44,066
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 23,509
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