Dec, 31, 2023 — MINNESOTA CATHOLIC CREDIT UNION is a federally insured state chartered credit union headquartered in LITTLE CANADA, MN with 3 branch locations and about $38.81 million in total assets. Opened 78 years ago in 1946, MINNESOTA CATHOLIC CREDIT UNION has about 3,236 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MINNESOTA CATHOLIC CREDIT UNION |
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Address: (Main Office) | 400 Little Canada Rd E LITTLE CANADA, MN 55117 |
Phone: | (651) 484-0265 |
Fax: | (651) 484-8570 |
Website: | https://www.mncathcu.com |
Branches: | 3 branch locations |
Members: | 3,236 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 63977 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1946 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $38,809,723 |
CEO/Manager: | John Hardekopf |
Chairperson: | Brian Owens |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,142,081 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 11,575,777 |
Unsecured Loans | 1,007,845 |
Other Loans | 13,294,545 |
TOTAL LOANS | 25,878,167 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -73,100 |
Land And Building | 231,118 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 376,404 |
All Other Assets | 0 |
TOTAL ASSETS | 38,809,723 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 218,593 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 7,669,048 |
Regular shares | 20,510,809 |
All Other Shares & Deposits | 6,965,203 |
TOTAL SHARES & DEPOSITS | 35,145,060 |
TOTAL LIABILITIES | 35,364,087 |
Regular Reserve | 0 |
Other Reserves | 510,541 |
Undivided Earnings | 2,935,095 |
TOTAL EQUITY | 3,445,636 |
TOTAL LIABILITIES, SHARES, & EQUITY | 38,809,723 |
INCOME & EXPENSE | |
Loan Income | 1,126,750 |
Investment Income | 442,873 |
Other Income | 223,553 |
Total Employee Compensation & Benefits | 636,141 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 834,365 |
Non-operating Income & (Expense) | 13,400 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 55,089 |
Cost of Funds | 59,651 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 245,043 |
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