Dec, 31, 2023 — UNITED SAVINGS CREDIT UNION is a federally insured state chartered credit union headquartered in FARGO, ND with 4 branch locations and about $93.26 million in total assets. Opened 89 years ago in 1935, UNITED SAVINGS CREDIT UNION has about 5,620 members and employs 25 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | UNITED SAVINGS CREDIT UNION |
|---|---|
| Address: (Main Office) | 1001 1st Ave N FARGO, ND 58102 |
| Phone: | (701) 235-2832 |
| Fax: | (701) 235-8376 |
| Website: | https://www.unitedsavingscu.org |
| Branches: | 4 branch locations |
| Members: | 5,620 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 65578 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $93,264,085 |
| CEO/Manager: | Jim Schaefbauer |
| Chairperson: | Keith A Hansen |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,999,087 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 38,454,493 |
| Unsecured Loans | 2,936,384 |
| Other Loans | 27,622,003 |
| TOTAL LOANS | 71,962,569 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -805,272 |
| Land And Building | 2,464,415 |
| Other Fixed Assets | 442,346 |
| NCUSIF Deposit | 792,928 |
| All Other Assets | 11,544 |
| TOTAL ASSETS | 93,264,085 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 80,280 |
| Notes & Interest Payable | 2,510,000 |
| Accounts Payable & Other Liabilities | 332,316 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 15,916,422 |
| Regular shares | 25,124,933 |
| All Other Shares & Deposits | 37,680,925 |
| TOTAL SHARES & DEPOSITS | 78,722,280 |
| TOTAL LIABILITIES | 81,644,876 |
| Regular Reserve | 0 |
| Other Reserves | 691,078 |
| Undivided Earnings | 10,928,131 |
| TOTAL EQUITY | 11,619,209 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 93,264,085 |
| INCOME & EXPENSE | |
| Loan Income | 3,672,546 |
| Investment Income | 721,588 |
| Other Income | 727,149 |
| Total Employee Compensation & Benefits | 2,299,036 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,369,599 |
| Non-operating Income & (Expense) | -12 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 250,375 |
| Cost of Funds | 760,724 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 599,861 |
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