Sep, 30, 2025 — CENTRICITY CREDIT UNION is a federally insured state chartered credit union headquartered in HERMANTOWN, MN with 5 branch locations and about $311.87 million in total assets. Opened 83 years ago in 1943, CENTRICITY CREDIT UNION has about 22,094 members and employs 102 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: | 5 branch locations |
| Members: | 22,094 |
| 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, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $311,866,406 |
| CEO/Manager: | Doug W Ralston |
| Chairperson: | Margaret A Taylor |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 18,374,698 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 175,750 |
| Real Estate Loans | 116,116,686 |
| Unsecured Loans | 6,138,299 |
| Other Loans | 129,252,212 |
| TOTAL LOANS | 254,298,411 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,365,584 |
| Land And Building | 4,521,402 |
| Other Fixed Assets | 533,842 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 2,399,977 |
| All Other Assets | 107,558 |
| TOTAL ASSETS | 311,866,406 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 686,161 |
| Notes & Interest Payable | 10,779,731 |
| Accounts Payable & Other Liabilities | 1,964,309 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 56,496,912 |
| Regular shares | 138,879,269 |
| All Other Shares & Deposits | 60,055,901 |
| TOTAL SHARES & DEPOSITS | 255,432,082 |
| TOTAL LIABILITIES | 268,874,639 |
| Regular Reserve | 0 |
| Other Reserves | 10,889,984 |
| Undivided Earnings | 32,101,783 |
| TOTAL EQUITY | 42,991,767 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 311,866,406 |
| INCOME & EXPENSE | |
| Loan Income | 13,032,385 |
| Investment Income | 1,355,094 |
| Other Income | 1,511,220 |
| Total Employee Compensation & Benefits | 5,243,456 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 5,252,714 |
| Non-operating Income & (Expense) | -51,926 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,334,523 |
| Cost of Funds | 2,390,049 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,178,101 |
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