Dec, 31, 2022 — CROW WING POWER CREDIT UNION is a federally insured state chartered credit union headquartered in BRAINERD, MN with 1 branch location and about $112.76 million in total assets. Opened 24 years ago in 1999, CROW WING POWER CREDIT UNION has about 5,232 members and employs 12 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CROW WING POWER CREDIT UNION |
|---|---|
| Address: (Main Office) | 17330 State Highway 371 BRAINERD, MN 56401 |
| Phone: | (218) 825-2208 |
| Fax: | (218) 822-2678 |
| Website: | https://www.cwpcu.org |
| Branches: | 1 branch locations |
| Members: | 5,232 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68389 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1999 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $112,762,162 |
| CEO/Manager: | Joan Wileman |
| Chairperson: | Gert Roggenkamp |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,411,065 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 43,288,616 |
| Unsecured Loans | 161,648 |
| Other Loans | 19,343,118 |
| TOTAL LOANS | 62,793,382 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -69,338 |
| Land And Building | 0 |
| Other Fixed Assets | 9,005 |
| NCUSIF Deposit | 995,232 |
| All Other Assets | 0 |
| TOTAL ASSETS | 112,762,162 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 216,964 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 14,138,388 |
| Regular shares | 54,438,443 |
| All Other Shares & Deposits | 35,615,510 |
| TOTAL SHARES & DEPOSITS | 104,192,341 |
| TOTAL LIABILITIES | 104,409,305 |
| Regular Reserve | 0 |
| Other Reserves | 2,295,540 |
| Undivided Earnings | 6,057,317 |
| TOTAL EQUITY | 8,352,857 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 112,762,162 |
| INCOME & EXPENSE | |
| Loan Income | 1,354,637 |
| Investment Income | 270,653 |
| Other Income | 35,505 |
| Total Employee Compensation & Benefits | 634,875 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 599,773 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -8,847 |
| Cost of Funds | 237,581 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 512,129 |
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