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CROW WING POWER CREDIT UNION

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.


ABA Routing Number: 091981688
Name:CROW WING POWER CREDIT UNION
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
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

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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