Dec, 31, 2023 — FARM CREDIT EMPLOYEES CREDIT UNION (FCEFCU) is a federal credit union headquartered in SAINT PAUL, MN with 1 branch location and about $18.19 million in total assets. Opened 49 years ago in 1975, FARM CREDIT EMPLOYEES CREDIT UNION (FCEFCU) has about 1,418 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FARM CREDIT EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 30 7th St E Ste 265 SAINT PAUL, MN 55101-4958 |
| Phone: | (651) 282-8880 |
| Fax: | (651) 282-8884 |
| Website: | https://www.fcefcu.com |
| Branches: | 1 branch locations |
| Members: | 1,418 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 22132 |
|---|---|
| Membership Type: | Multiple common bond - Primarily finance, insurance, real estate, trade |
| Corporate Credit Union: | No |
| Year Opened: | 1975 |
| Last Audited: | Oct 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $18,191,977 |
| CEO/Manager: | Caitlin M Brama |
| Chairperson: | Michael G Strunk |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,400,775 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,736,800 |
| Unsecured Loans | 776,000 |
| Other Loans | 9,977,105 |
| TOTAL LOANS | 14,489,905 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -44,728 |
| Land And Building | 0 |
| Other Fixed Assets | 73,865 |
| NCUSIF Deposit | 170,438 |
| All Other Assets | 0 |
| TOTAL ASSETS | 18,191,977 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 6,242 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -802 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,487,471 |
| Regular shares | 5,773,801 |
| All Other Shares & Deposits | 4,015,328 |
| TOTAL SHARES & DEPOSITS | 16,276,600 |
| TOTAL LIABILITIES | 16,282,040 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,909,937 |
| TOTAL EQUITY | 1,909,937 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 18,191,977 |
| INCOME & EXPENSE | |
| Loan Income | 660,129 |
| Investment Income | 85,500 |
| Other Income | 53,587 |
| Total Employee Compensation & Benefits | 328,878 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 270,412 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 44,728 |
| Cost of Funds | 164,974 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -9,776 |
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