Dec, 31, 2022 — ST. CLOUD FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in SAINT CLOUD, MN with 6 branch locations and about $320.70 million in total assets. Opened 89 years ago in 1934, ST. CLOUD FINANCIAL CREDIT UNION has about 24,224 members and employs 77 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ST. CLOUD FINANCIAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3030 1st St S SAINT CLOUD, MN 56301 |
| Phone: | (320) 252-2634 |
| Fax: | (320) 252-9036 |
| Website: | https://www.stcloudfcu.coop |
| Branches: | 6 branch locations |
| Members: | 24,224 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68697 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | Mar 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $320,700,019 |
| CEO/Manager: | Jed A Meyer |
| Chairperson: | Andrew Johannes |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 11,787,134 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 345,340 |
| Real Estate Loans | 107,225,466 |
| Unsecured Loans | 7,210,480 |
| Other Loans | 145,921,361 |
| TOTAL LOANS | 260,357,307 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -806,000 |
| Land And Building | 6,249,785 |
| Other Fixed Assets | 1,043,064 |
| NCUSIF Deposit | 2,613,688 |
| All Other Assets | 0 |
| TOTAL ASSETS | 320,700,019 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,638,601 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 69,613,131 |
| Regular shares | 125,381,825 |
| All Other Shares & Deposits | 101,796,572 |
| TOTAL SHARES & DEPOSITS | 296,791,528 |
| TOTAL LIABILITIES | 300,430,129 |
| Regular Reserve | 0 |
| Other Reserves | 29,287 |
| Undivided Earnings | 20,240,603 |
| TOTAL EQUITY | 20,269,890 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 320,700,019 |
| INCOME & EXPENSE | |
| Loan Income | 6,815,000 |
| Investment Income | 452,762 |
| Other Income | 1,524,721 |
| Total Employee Compensation & Benefits | 4,071,127 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,317,548 |
| Non-operating Income & (Expense) | -25,499 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 263,951 |
| Cost of Funds | 480,369 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,723,983 |
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