Dec, 31, 2023 — PROCTOR FEDERAL CREDIT UNION is a federal credit union headquartered in PROCTOR, MN with 2 branch locations and about $69.73 million in total assets. Opened 54 years ago in 1970, PROCTOR FEDERAL CREDIT UNION has about 7,420 members and employs 19 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | PROCTOR FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | 410 N 2nd Ave PROCTOR, MN 55810-2206 |
Phone: | (218) 624-5761 |
Fax: | (218) 624-5762 |
Website: | https://www.proctorfcu.com |
Branches: | 2 branch locations |
Members: | 7,420 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 19960 |
---|---|
Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1970 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $69,726,538 |
CEO/Manager: | david horak |
Chairperson: | dan rohweder |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 2,078,553 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 22,896,581 |
Unsecured Loans | 553,677 |
Other Loans | 34,806,920 |
TOTAL LOANS | 58,257,178 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -60,809 |
Land And Building | 399,700 |
Other Fixed Assets | 194,253 |
NCUSIF Deposit | 560,718 |
All Other Assets | 0 |
TOTAL ASSETS | 69,726,538 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 344,862 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 12,829,550 |
Regular shares | 37,475,351 |
All Other Shares & Deposits | 12,505,856 |
TOTAL SHARES & DEPOSITS | 62,810,759 |
TOTAL LIABILITIES | 63,155,621 |
Regular Reserve | 0 |
Other Reserves | 341,457 |
Undivided Earnings | 6,229,460 |
TOTAL EQUITY | 6,570,917 |
TOTAL LIABILITIES, SHARES, & EQUITY | 69,726,538 |
INCOME & EXPENSE | |
Loan Income | 2,120,339 |
Investment Income | 284,838 |
Other Income | 199,151 |
Total Employee Compensation & Benefits | 1,264,662 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 938,125 |
Non-operating Income & (Expense) | 4,946 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 12,500 |
Cost of Funds | 35,732 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 665,840 |
↑ Back to Top |