Dec, 31, 2023 — GREAT RIVER FEDERAL CREDIT UNION is a federal credit union headquartered in SAINT CLOUD, MN with 9 branch locations and about $359.94 million in total assets. Opened 76 years ago in 1948, GREAT RIVER FEDERAL CREDIT UNION has about 20,688 members and employs 89 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GREAT RIVER FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1532 W Saint Germain St SAINT CLOUD, MN 56301-4129 |
| Phone: | (320) 252-5393 |
| Fax: | (320) 252-4595 |
| Website: | https://www.greatriverfcu.org |
| Branches: | 9 branch locations |
| Members: | 20,688 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24632 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1948 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $359,935,211 |
| CEO/Manager: | Brant Hicks |
| Chairperson: | Mark Skaj |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 15,898,360 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 200,000 |
| Real Estate Loans | 156,282,335 |
| Unsecured Loans | 12,270,272 |
| Other Loans | 126,580,353 |
| TOTAL LOANS | 295,132,959 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -980,357 |
| Land And Building | 7,880,269 |
| Other Fixed Assets | 1,688,537 |
| NCUSIF Deposit | 3,196,657 |
| All Other Assets | 554,588 |
| TOTAL ASSETS | 359,935,211 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 10,000,000 |
| Accounts Payable & Other Liabilities | 4,818,075 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 51,340,685 |
| Regular shares | 120,222,693 |
| All Other Shares & Deposits | 146,127,998 |
| TOTAL SHARES & DEPOSITS | 317,691,376 |
| TOTAL LIABILITIES | 332,509,544 |
| Regular Reserve | 0 |
| Other Reserves | 3,818,640 |
| Undivided Earnings | 23,607,027 |
| TOTAL EQUITY | 27,425,667 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 359,935,211 |
| INCOME & EXPENSE | |
| Loan Income | 14,366,232 |
| Investment Income | 719,501 |
| Other Income | 1,187,545 |
| Total Employee Compensation & Benefits | 6,948,190 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 6,248,157 |
| Non-operating Income & (Expense) | 46,578 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 460,572 |
| Cost of Funds | 3,920,704 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,112,726 |
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