Sep, 30, 2025 — BARAGA COUNTY FEDERAL CREDIT UNION is a federal credit union headquartered in LANSE, MI with 1 branch location and about $60.46 million in total assets. Opened 74 years ago in 1952, BARAGA COUNTY FEDERAL CREDIT UNION has about 4,848 members and employs 13 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BARAGA COUNTY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 101 E Broad St LANSE, MI 49946-1013 |
| Phone: | (906) 524-6151 |
| Fax: | (906) 524-5515 |
| Website: | https://www.baragafcu.secure.cusolu |
| Branches: | 1 branch locations |
| Members: | 4,848 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7672 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $60,455,477 |
| CEO/Manager: | DAWN E JAHFETSON |
| Chairperson: | CATHRYN BEER |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,336,934 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,870,924 |
| Unsecured Loans | 1,943,341 |
| Other Loans | 14,454,240 |
| TOTAL LOANS | 20,268,505 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -115,929 |
| Land And Building | 248,902 |
| Other Fixed Assets | 0 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 524,587 |
| All Other Assets | 0 |
| TOTAL ASSETS | 60,455,477 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 120,922 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 276,413 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 11,056,658 |
| Regular shares | 21,596,254 |
| All Other Shares & Deposits | 21,938,102 |
| TOTAL SHARES & DEPOSITS | 54,591,014 |
| TOTAL LIABILITIES | 54,988,349 |
| Regular Reserve | 0 |
| Other Reserves | -485,403 |
| Undivided Earnings | 5,952,531 |
| TOTAL EQUITY | 5,467,128 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 60,455,477 |
| INCOME & EXPENSE | |
| Loan Income | 983,953 |
| Investment Income | 512,941 |
| Other Income | 165,075 |
| Total Employee Compensation & Benefits | 495,614 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 587,513 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 9,000 |
| Cost of Funds | 311,593 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 428,308 |
| ↑ Back to Top | |