Dec, 31, 2023 — CROW WING POWER CREDIT UNION is a federally insured state chartered credit union headquartered in BRAINERD, MN with 1 branch location and about $103.17 million in total assets. Opened 25 years ago in 1999, CROW WING POWER CREDIT UNION has about 4,716 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: | CROW WING POWER CREDIT UNION |
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Address: (Main Office) | 17330 State Highway 371 BRAINERD, MN 56401 |
Phone: | (218) 825-2208 |
Fax: | (218) 822-2678 |
Website: | https://www.cwpcu.org |
Branches: | 1 branch locations |
Members: | 4,716 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68389 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1999 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $103,168,171 |
CEO/Manager: | Joan Wileman |
Chairperson: | Gert Roggenkamp |
ASSETS: | $ Amount |
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Cash & Equivalents | 11,770,419 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 55,024,681 |
Unsecured Loans | 222,888 |
Other Loans | 27,763,678 |
TOTAL LOANS | 83,011,247 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -107,509 |
Land And Building | 0 |
Other Fixed Assets | 27,842 |
NCUSIF Deposit | 884,013 |
All Other Assets | 0 |
TOTAL ASSETS | 103,168,171 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 198,719 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 13,963,794 |
Regular shares | 36,158,893 |
All Other Shares & Deposits | 43,823,738 |
TOTAL SHARES & DEPOSITS | 93,946,424 |
TOTAL LIABILITIES | 94,145,143 |
Regular Reserve | 0 |
Other Reserves | 2,295,540 |
Undivided Earnings | 6,727,488 |
TOTAL EQUITY | 9,023,028 |
TOTAL LIABILITIES, SHARES, & EQUITY | 103,168,171 |
INCOME & EXPENSE | |
Loan Income | 2,977,708 |
Investment Income | 607,182 |
Other Income | 71,787 |
Total Employee Compensation & Benefits | 947,537 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 953,411 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -3,115 |
Cost of Funds | 1,332,135 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 508,529 |
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