Dec, 31, 2023 — CATHOLIC UNITED FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in SAINT PAUL, MN with 2 branch locations and about $35.70 million in total assets. Opened 23 years ago in 2001, CATHOLIC UNITED FINANCIAL CREDIT UNION has about 3,277 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CATHOLIC UNITED FINANCIAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3499 LEXINGTON AVE N SAINT PAUL, MN 55126 |
| Phone: | (651) 765-4132 |
| Fax: | (651) 765-6551 |
| Website: | https://www.catholicunitedcu.org |
| Branches: | 2 branch locations |
| Members: | 3,277 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68469 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 2001 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $35,702,239 |
| CEO/Manager: | Andrea Ferkingstad |
| Chairperson: | MICHAEL M AHLES |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,137,696 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,560,800 |
| Unsecured Loans | 659,939 |
| Other Loans | 13,594,637 |
| TOTAL LOANS | 16,815,376 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -110,680 |
| Land And Building | 0 |
| Other Fixed Assets | 28,803 |
| NCUSIF Deposit | 253,478 |
| All Other Assets | 0 |
| TOTAL ASSETS | 35,702,239 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 269,299 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,919,125 |
| Regular shares | 9,971,314 |
| All Other Shares & Deposits | 16,376,137 |
| TOTAL SHARES & DEPOSITS | 32,266,576 |
| TOTAL LIABILITIES | 32,535,875 |
| Regular Reserve | 0 |
| Other Reserves | 1,793,602 |
| Undivided Earnings | 1,372,762 |
| TOTAL EQUITY | 3,166,364 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 35,702,239 |
| INCOME & EXPENSE | |
| Loan Income | 755,301 |
| Investment Income | 532,802 |
| Other Income | 82,609 |
| Total Employee Compensation & Benefits | 736,350 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 380,871 |
| Non-operating Income & (Expense) | 294,540 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,600 |
| Cost of Funds | 366,383 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 274,535 |
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