Sep, 30, 2025 — MINOT AREA SCHOOLS FEDERAL CREDIT UNION is a federal credit union headquartered in MINOT, ND with 1 branch location and about $14.04 million in total assets. Opened 73 years ago in 1953, MINOT AREA SCHOOLS FEDERAL CREDIT UNION has about 1,177 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: | MINOT AREA SCHOOLS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 215 2nd St SE MINOT, ND 58701 |
| Phone: | (701) 857-4430 |
| Fax: | (701) 857-4462 |
| Website: | https://www.masfcu.org |
| Branches: | 1 branch locations |
| Members: | 1,177 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8943 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $14,035,067 |
| CEO/Manager: | Mindy J Faaiuaso |
| Chairperson: | Neil Moore |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,709,537 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 604,531 |
| Other Loans | 5,138,196 |
| TOTAL LOANS | 5,742,727 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,342 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 123,354 |
| All Other Assets | 0 |
| TOTAL ASSETS | 14,035,067 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 21,045 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,253,676 |
| Regular shares | 6,512,854 |
| All Other Shares & Deposits | 3,963,336 |
| TOTAL SHARES & DEPOSITS | 12,729,867 |
| TOTAL LIABILITIES | 12,750,912 |
| Regular Reserve | 0 |
| Other Reserves | 191,876 |
| Undivided Earnings | 1,092,279 |
| TOTAL EQUITY | 1,284,155 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 14,035,067 |
| INCOME & EXPENSE | |
| Loan Income | 214,104 |
| Investment Income | 156,902 |
| Other Income | 16,151 |
| Total Employee Compensation & Benefits | 116,296 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 89,930 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,342 |
| Cost of Funds | 123,474 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 68,320 |
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