Dec, 31, 2023 — DULUTH POLICE DEPARTMENT EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in DULUTH, MN with 1 branch location and about $8.97 million in total assets. Opened 90 years ago in 1934, DULUTH POLICE DEPARTMENT EMPLOYEES CREDIT UNION has about 709 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | DULUTH POLICE DEPARTMENT EMPLOYEES CREDIT UNION |
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Address: (Main Office) | 2030 N Arlington Ave DULUTH, MN 55811 |
Phone: | (218) 730-5140 |
Fax: | (218) 730-5910 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 709 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 64359 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1934 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $8,967,289 |
CEO/Manager: | Thomas D Ehle |
Chairperson: | John F Kalenowski |
ASSETS: | $ Amount |
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Cash & Equivalents | 255,905 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 87,587 |
Other Loans | 4,792,277 |
TOTAL LOANS | 4,879,864 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -25,000 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 93,519 |
All Other Assets | 0 |
TOTAL ASSETS | 8,967,289 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 350,000 |
Accounts Payable & Other Liabilities | 0 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 7,010,494 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 7,010,494 |
TOTAL LIABILITIES | 7,360,494 |
Regular Reserve | 0 |
Other Reserves | 194,037 |
Undivided Earnings | 1,412,758 |
TOTAL EQUITY | 1,606,795 |
TOTAL LIABILITIES, SHARES, & EQUITY | 8,967,289 |
INCOME & EXPENSE | |
Loan Income | 176,711 |
Investment Income | 65,130 |
Other Income | 0 |
Total Employee Compensation & Benefits | 81,589 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 43,543 |
Non-operating Income & (Expense) | 500 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 69,807 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 26,588 |
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