Jun, 30, 2024 — CENTRICITY CREDIT UNION is a federally insured state chartered credit union headquartered in HERMANTOWN, MN with 3 branch locations and about $239.91 million in total assets. Opened 81 years ago in 1943, CENTRICITY CREDIT UNION has about 18,349 members and employs 71 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: | 18,349 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $239,905,831 |
| CEO/Manager: | Doug W Ralston |
| Chairperson: | Margaret A Taylor |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 18,414,566 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 62,287,965 |
| Unsecured Loans | 4,027,783 |
| Other Loans | 100,103,665 |
| TOTAL LOANS | 168,490,460 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,512,741 |
| Land And Building | 3,513,313 |
| Other Fixed Assets | 452,162 |
| NCUSIF Deposit | 1,878,454 |
| All Other Assets | 23,275 |
| TOTAL ASSETS | 239,905,831 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 223,551 |
| Notes & Interest Payable | 4,223,084 |
| Accounts Payable & Other Liabilities | 1,491,220 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 42,084,231 |
| Regular shares | 119,288,793 |
| All Other Shares & Deposits | 48,689,460 |
| TOTAL SHARES & DEPOSITS | 210,062,484 |
| TOTAL LIABILITIES | 216,000,339 |
| Regular Reserve | 0 |
| Other Reserves | 2,271,036 |
| Undivided Earnings | 21,634,456 |
| TOTAL EQUITY | 23,905,492 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 239,905,831 |
| INCOME & EXPENSE | |
| Loan Income | 5,711,725 |
| Investment Income | 245,240 |
| Other Income | 1,007,411 |
| Total Employee Compensation & Benefits | 3,203,169 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,987,771 |
| Non-operating Income & (Expense) | 199,328 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 467,900 |
| Cost of Funds | 486,696 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,368,258 |
| ↑ Back to Top | |