Dec, 31, 2023 — NORTHERN STATES POWER - ST. PAUL CREDIT UNION is a federally insured state chartered credit union headquartered in MAPLEWOOD, MN with 1 branch location and about $42.67 million in total assets. Opened 91 years ago in 1933, NORTHERN STATES POWER - ST. PAUL CREDIT UNION has about 2,890 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NORTHERN STATES POWER - ST. PAUL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2303 White Bear Ave N MAPLEWOOD, MN 55109 |
| Phone: | (651) 228-7668 |
| Fax: | (651) 228-7676 |
| Website: | https://www.mynspcu.org |
| Branches: | 1 branch locations |
| Members: | 2,890 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62733 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1933 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $42,668,678 |
| CEO/Manager: | Charlie Yenni |
| Chairperson: | Brandon Cramer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,243,040 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,206,522 |
| Unsecured Loans | 2,568,244 |
| Other Loans | 16,418,075 |
| TOTAL LOANS | 23,192,841 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -98,190 |
| Land And Building | 0 |
| Other Fixed Assets | 1,360,455 |
| NCUSIF Deposit | 362,700 |
| All Other Assets | 0 |
| TOTAL ASSETS | 42,668,678 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,390 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 910,439 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,375,933 |
| Regular shares | 18,999,078 |
| All Other Shares & Deposits | 10,059,334 |
| TOTAL SHARES & DEPOSITS | 34,434,345 |
| TOTAL LIABILITIES | 35,347,174 |
| Regular Reserve | 0 |
| Other Reserves | -487,266 |
| Undivided Earnings | 7,808,770 |
| TOTAL EQUITY | 7,321,504 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 42,668,678 |
| INCOME & EXPENSE | |
| Loan Income | 1,374,148 |
| Investment Income | 200,400 |
| Other Income | 233,134 |
| Total Employee Compensation & Benefits | 657,482 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,206,237 |
| Non-operating Income & (Expense) | 9,351 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 39,559 |
| Cost of Funds | 255,844 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -116,630 |
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