Dec, 31, 2023 — ST. PAUL FEDERAL CREDIT UNION is a federal credit union headquartered in SAINT PAUL, MN with 3 branch locations and about $262.62 million in total assets. Opened 71 years ago in 1953, ST. PAUL FEDERAL CREDIT UNION has about 14,788 members and employs 28 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ST. PAUL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1330 Conway St Ste 200 SAINT PAUL, MN 55106 |
| Phone: | (651) 772-8744 |
| Fax: | (651) 772-8787 |
| Website: | https://www.stpaulfcu.org |
| Branches: | 3 branch locations |
| Members: | 14,788 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24358 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $262,624,280 |
| CEO/Manager: | Thomas A Glatt |
| Chairperson: | Donald A Sinna |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 13,457,149 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 62,957,007 |
| Unsecured Loans | 18,378,177 |
| Other Loans | 122,604,510 |
| TOTAL LOANS | 203,939,693 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,701,416 |
| Land And Building | 0 |
| Other Fixed Assets | 498,897 |
| NCUSIF Deposit | 1,734,015 |
| All Other Assets | 31,298 |
| TOTAL ASSETS | 262,624,280 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 25,000,000 |
| Accounts Payable & Other Liabilities | 1,927,036 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 62,378,340 |
| Regular shares | 53,470,774 |
| All Other Shares & Deposits | 93,742,288 |
| TOTAL SHARES & DEPOSITS | 209,591,403 |
| TOTAL LIABILITIES | 236,518,439 |
| Regular Reserve | 0 |
| Other Reserves | -2,754,201 |
| Undivided Earnings | 28,860,042 |
| TOTAL EQUITY | 26,105,841 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 262,624,280 |
| INCOME & EXPENSE | |
| Loan Income | 8,407,898 |
| Investment Income | 827,979 |
| Other Income | 573,171 |
| Total Employee Compensation & Benefits | 2,824,325 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,416,911 |
| Non-operating Income & (Expense) | -5,181 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 548,572 |
| Cost of Funds | 3,291,284 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 570,065 |
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