Dec, 31, 2023 — CENTRICITY CREDIT UNION is a federally insured state chartered credit union headquartered in HERMANTOWN, MN with 3 branch locations and about $243.81 million in total assets. Opened 81 years ago in 1943, CENTRICITY CREDIT UNION has about 18,282 members and employs 82 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CENTRICITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 4477 Lavaque Rd HERMANTOWN, MN 55811 |
| Phone: | (218) 729-7733 |
| Fax: | (218) 729-7978 |
| Website: | https://www.centricity.org |
| Branches: | 3 branch locations |
| Members: | 18,282 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68685 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1943 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $243,810,562 |
| CEO/Manager: | Doug W Ralston |
| Chairperson: | Margaret A Taylor |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,701,632 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 64,489,704 |
| Unsecured Loans | 5,429,593 |
| Other Loans | 118,282,009 |
| TOTAL LOANS | 190,743,342 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,043,430 |
| Land And Building | 3,386,916 |
| Other Fixed Assets | 451,155 |
| NCUSIF Deposit | 1,871,704 |
| All Other Assets | 135,280 |
| TOTAL ASSETS | 243,810,562 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 171,627 |
| Notes & Interest Payable | 20,639,839 |
| Accounts Payable & Other Liabilities | 1,749,662 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 40,285,292 |
| Regular shares | 103,801,216 |
| All Other Shares & Deposits | 50,136,435 |
| TOTAL SHARES & DEPOSITS | 194,222,942 |
| TOTAL LIABILITIES | 216,797,925 |
| Regular Reserve | 0 |
| Other Reserves | 1,799,086 |
| Undivided Earnings | 25,213,551 |
| TOTAL EQUITY | 27,012,637 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 243,810,562 |
| INCOME & EXPENSE | |
| Loan Income | 10,571,267 |
| Investment Income | 1,144,208 |
| Other Income | 1,481,506 |
| Total Employee Compensation & Benefits | 5,019,128 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,279,362 |
| Non-operating Income & (Expense) | -18,717 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,748,461 |
| Cost of Funds | 1,411,719 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,354,602 |
| ↑ Back to Top | |