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FEDERATED EMPLOYEES CREDIT UNION

Jun, 30, 2023 — FEDERATED EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in OWATONNA, MN with 2 branch locations and about $62.39 million in total assets. Opened 90 years ago in 1934, FEDERATED EMPLOYEES CREDIT UNION has about 4,844 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.


ABA Routing Number: 291975326
Name:FEDERATED EMPLOYEES CREDIT UNION
Address:
(Main Office)
1929 S Cedar Ave
OWATONNA, MN 55060-4301
Phone:(507) 455-5200
Fax:(507) 455-8827
Website:https://www.fedecu.com
Branches:2 branch locations
Members:4,844
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:64703
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1934
Last Audited:Mar 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$62,393,653
CEO/Manager:Annette M Arndt
Chairperson:John Hylle

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 5,286,714
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 5,318,225
 Unsecured Loans 2,654,707
 Other Loans 22,185,829
 TOTAL LOANS 30,158,761
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -85,000
 Land And Building 0
 Other Fixed Assets 40,223
 NCUSIF Deposit 540,658
 All Other Assets 0
  TOTAL ASSETS 62,393,653
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 158,035
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 4,666,909
 Regular shares 23,268,097
 All Other Shares & Deposits 26,685,694
  TOTAL SHARES & DEPOSITS 54,620,700
  TOTAL LIABILITIES 54,778,735
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 7,614,918
  TOTAL EQUITY 7,614,918
  TOTAL LIABILITIES, SHARES, & EQUITY 62,393,653
INCOME & EXPENSE  
 Loan Income 774,455
 Investment Income 226,057
 Other Income 27,617
 Total Employee Compensation & Benefits 397,309
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 422,832
 Non-operating Income & (Expense) 19,620
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 5,684
 Cost of Funds 155,365
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 327,278
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