Dec, 31, 2023 — ST. CLOUD FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in SARTELL, MN with 5 branch locations and about $346.85 million in total assets. Opened 90 years ago in 1934, ST. CLOUD FINANCIAL CREDIT UNION has about 24,807 members and employs 78 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) | 1716 Pine Cone Rd S SARTELL, MN 56377 |
| Phone: | (320) 252-2634 |
| Fax: | (320) 258-4520 |
| Website: | https://www.stcloudfcu.coop |
| Branches: | 5 branch locations |
| Members: | 24,807 |
| 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, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $346,848,374 |
| CEO/Manager: | Jed A Meyer |
| Chairperson: | Andrew Johannes |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 12,251,064 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 788,825 |
| Real Estate Loans | 130,773,390 |
| Unsecured Loans | 7,245,269 |
| Other Loans | 144,259,047 |
| TOTAL LOANS | 282,277,705 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,292,000 |
| Land And Building | 5,861,078 |
| Other Fixed Assets | 1,122,089 |
| NCUSIF Deposit | 2,954,490 |
| All Other Assets | 0 |
| TOTAL ASSETS | 346,848,374 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 8,000,000 |
| Accounts Payable & Other Liabilities | 3,581,783 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 66,296,224 |
| Regular shares | 106,305,890 |
| All Other Shares & Deposits | 139,115,438 |
| TOTAL SHARES & DEPOSITS | 311,717,551 |
| TOTAL LIABILITIES | 323,309,834 |
| Regular Reserve | 0 |
| Other Reserves | 1,062,165 |
| Undivided Earnings | 22,476,375 |
| TOTAL EQUITY | 23,538,540 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 346,848,374 |
| INCOME & EXPENSE | |
| Loan Income | 12,042,034 |
| Investment Income | 1,333,539 |
| Other Income | 1,879,695 |
| Total Employee Compensation & Benefits | 5,987,059 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 6,018,864 |
| Non-operating Income & (Expense) | 109,524 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 616,678 |
| Cost of Funds | 3,748,676 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,288,822 |
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