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CENTRAL HANNA EMPLOYEES CREDIT UNION

Dec, 31, 2023 — CENTRAL HANNA EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in KEEWATIN, MN with 1 branch location and about $4.22 million in total assets. Opened 67 years ago in 1957, CENTRAL HANNA EMPLOYEES CREDIT UNION has about 624 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:CENTRAL HANNA EMPLOYEES CREDIT UNION
Address:
(Main Office)
PO BOX 465
KEEWATIN, MN 55753-0465
Phone:(218) 778-6833
Fax:(218) 778-6968
Website:n/a
Branches:1 branch locations
Members:624
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:60360
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1957
Last Audited:Dec 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$4,223,403
CEO/Manager:Sally S Baratto
Chairperson:Jack Thronson

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,054,415
TOTAL INVESTMENTS 1,153,350
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 90,427
 Other Loans 1,837,133
 TOTAL LOANS 1,927,560
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -2,423
 Land And Building 51,745
 Other Fixed Assets 9,226
 NCUSIF Deposit 27,370
 All Other Assets 2,160
  TOTAL ASSETS 4,223,403
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 5,321
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 464,067
 Regular shares 3,024,388
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 3,488,455
  TOTAL LIABILITIES 3,493,776
 Regular Reserve 97,599
 Other Reserves 0
 Undivided Earnings 632,028
  TOTAL EQUITY 729,627
  TOTAL LIABILITIES, SHARES, & EQUITY 4,223,403
INCOME & EXPENSE  
 Loan Income 55,964
 Investment Income 2,425
 Other Income 5,906
 Total Employee Compensation & Benefits 45,987
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 40,970
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -8,810
 Cost of Funds 1,423
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 8,278
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