Dec, 31, 2023 — HARBOR POINTE CREDIT UNION is a federally insured state chartered credit union headquartered in DULUTH, MN with 3 branch locations and about $146.17 million in total assets. Opened 91 years ago in 1933, HARBOR POINTE CREDIT UNION has about 8,099 members and employs 29 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | HARBOR POINTE CREDIT UNION |
---|---|
Address: (Main Office) | 11 W 2nd St DULUTH, MN 55802-2014 |
Phone: | (218) 722-9242 |
Fax: | (218) 722-4516 |
Website: | https://www.hpcu.us |
Branches: | 3 branch locations |
Members: | 8,099 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 60207 |
---|---|
Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1933 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $146,165,421 |
CEO/Manager: | Lisa Herstad |
Chairperson: | Pauline John |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 6,245,441 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 67,813,735 |
Unsecured Loans | 3,035,316 |
Other Loans | 45,978,660 |
TOTAL LOANS | 116,827,712 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -783,116 |
Land And Building | 1,312,113 |
Other Fixed Assets | 370,125 |
NCUSIF Deposit | 1,293,179 |
All Other Assets | 0 |
TOTAL ASSETS | 146,165,421 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 113,573 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 600,541 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 30,929,485 |
Regular shares | 54,498,840 |
All Other Shares & Deposits | 44,152,739 |
TOTAL SHARES & DEPOSITS | 129,581,064 |
TOTAL LIABILITIES | 130,295,178 |
Regular Reserve | 0 |
Other Reserves | -957,615 |
Undivided Earnings | 16,827,858 |
TOTAL EQUITY | 15,870,243 |
TOTAL LIABILITIES, SHARES, & EQUITY | 146,165,421 |
INCOME & EXPENSE | |
Loan Income | 5,005,868 |
Investment Income | 896,992 |
Other Income | 346,738 |
Total Employee Compensation & Benefits | 2,327,990 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,195,078 |
Non-operating Income & (Expense) | -10,924 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 252,520 |
Cost of Funds | 577,503 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,471,886 |
↑ Back to Top |