Dec, 31, 2023 — ALEXANDRIA SCHOOLS EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in ALEXANDRIA, MN with 1 branch location and about $8.83 million in total assets. Opened 70 years ago in 1954, ALEXANDRIA SCHOOLS EMPLOYEES CREDIT UNION has about 1,127 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ALEXANDRIA SCHOOLS EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 2303 E Golf Course Rd NE ALEXANDRIA, MN 56308 |
| Phone: | (320) 762-6533 |
| Fax: | (320) 762-6533 |
| Website: | https://www.alexcreditunion.org |
| Branches: | 1 branch locations |
| Members: | 1,127 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 64304 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $8,829,055 |
| CEO/Manager: | Cari Larson |
| Chairperson: | Nicholas Larson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 295,281 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,428,151 |
| Unsecured Loans | 55,103 |
| Other Loans | 6,785,049 |
| TOTAL LOANS | 8,268,303 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -10,445 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 74,531 |
| All Other Assets | 0 |
| TOTAL ASSETS | 8,829,055 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 0 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 7,422,836 |
| All Other Shares & Deposits | 200,000 |
| TOTAL SHARES & DEPOSITS | 7,622,836 |
| TOTAL LIABILITIES | 7,622,836 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,206,219 |
| TOTAL EQUITY | 1,206,219 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 8,829,055 |
| INCOME & EXPENSE | |
| Loan Income | 331,363 |
| Investment Income | 8,340 |
| Other Income | 14 |
| Total Employee Compensation & Benefits | 54,211 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 27,454 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 214,026 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 44,872 |
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