Sep, 30, 2025 — ARISE COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in MINNEAPOLIS, MN with 1 branch location and about $1.14 million in total assets. Opened 2 years ago in 2024, ARISE COMMUNITY CREDIT UNION has about 66 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ARISE COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 227 Colfax Ave N MINNEAPOLIS, MN 55405-1402 |
| Phone: | (612) 345-7444 |
| Fax: | |
| Website: | https://www.ariseccu.org |
| Branches: | 1 branch locations |
| Members: | 66 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68740 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 2024 |
| Last Audited: | Jan 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $1,138,332 |
| CEO/Manager: | Francis O Odhiambo |
| Chairperson: | Debra Hurston |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 840,704 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 90 |
| Other Loans | 0 |
| TOTAL LOANS | 90 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | 0 |
| Land And Building | 0 |
| Other Fixed Assets | 4,827 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,138,332 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 15,005 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,953 |
| Regular shares | 8,036 |
| All Other Shares & Deposits | 1,308 |
| TOTAL SHARES & DEPOSITS | 19,296 |
| TOTAL LIABILITIES | 34,301 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,104,031 |
| TOTAL EQUITY | 1,104,031 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,138,332 |
| INCOME & EXPENSE | |
| Loan Income | 0 |
| Investment Income | 20,741 |
| Other Income | 130 |
| Total Employee Compensation & Benefits | 134,463 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 159,495 |
| Non-operating Income & (Expense) | 292,320 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 10 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 19,223 |
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