Dec, 31, 2023 — CITIES CREDIT UNION is a federally insured state chartered credit union headquartered in VADNAIS HEIGHTS, MN with 1 branch location and about $34.33 million in total assets. Opened 88 years ago in 1936, CITIES CREDIT UNION has about 2,358 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CITIES CREDIT UNION |
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Address: (Main Office) | 3625 Talmage Cir VADNAIS HEIGHTS, MN 55110 |
Phone: | (651) 426-3773 |
Fax: | (651) 426-0832 |
Website: | https://www.citiescu.org |
Branches: | 1 branch locations |
Members: | 2,358 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 63109 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $34,334,348 |
CEO/Manager: | Michael R Enright |
Chairperson: | Daniel L Pederson |
ASSETS: | $ Amount |
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Cash & Equivalents | 486,745 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,390,913 |
Unsecured Loans | 680,172 |
Other Loans | 14,390,077 |
TOTAL LOANS | 16,461,165 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -179,348 |
Land And Building | 561,450 |
Other Fixed Assets | 76,011 |
NCUSIF Deposit | 339,593 |
All Other Assets | 0 |
TOTAL ASSETS | 34,334,348 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 227,696 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 8,526,032 |
Regular shares | 12,422,708 |
All Other Shares & Deposits | 10,473,594 |
TOTAL SHARES & DEPOSITS | 31,422,336 |
TOTAL LIABILITIES | 31,650,032 |
Regular Reserve | 0 |
Other Reserves | 875,689 |
Undivided Earnings | 1,808,627 |
TOTAL EQUITY | 2,684,316 |
TOTAL LIABILITIES, SHARES, & EQUITY | 34,334,348 |
INCOME & EXPENSE | |
Loan Income | 893,932 |
Investment Income | 321,740 |
Other Income | 86,811 |
Total Employee Compensation & Benefits | 419,179 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 869,608 |
Non-operating Income & (Expense) | 45,034 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 136,000 |
Cost of Funds | 70,707 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -5,591 |
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