TOPLINE FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.toplinecu.com for more information.
Dec, 31, 2023 — TOPLINE FEDERAL CREDIT UNION is a federal credit union headquartered in MAPLE GROVE, MN with 5 branch locations and about $678.53 million in total assets. Opened 89 years ago in 1935, TOPLINE FEDERAL CREDIT UNION has about 46,430 members and employs 119 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TOPLINE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 9353 JEFFERSON HWY MAPLE GROVE, MN 55369 |
| Phone: | (763) 391-9494 |
| Fax: | |
| Website: | https://www.toplinecu.com |
| Branches: | 5 branch locations |
| Members: | 46,430 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24568 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Jun 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $678,526,450 |
| CEO/Manager: | Tom Smith |
| Chairperson: | Paul Jacobsen |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 109,483,915 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 848,844 |
| Real Estate Loans | 306,194,735 |
| Unsecured Loans | 17,148,655 |
| Other Loans | 165,537,539 |
| TOTAL LOANS | 488,922,607 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,803,941 |
| Land And Building | 5,844,753 |
| Other Fixed Assets | 2,310,429 |
| NCUSIF Deposit | 5,003,074 |
| All Other Assets | 0 |
| TOTAL ASSETS | 678,526,450 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 12,929,455 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 155,361,409 |
| Regular shares | 205,531,742 |
| All Other Shares & Deposits | 247,079,968 |
| TOTAL SHARES & DEPOSITS | 607,973,119 |
| TOTAL LIABILITIES | 620,902,574 |
| Regular Reserve | 0 |
| Other Reserves | -1,903,061 |
| Undivided Earnings | 59,526,937 |
| TOTAL EQUITY | 57,623,876 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 678,526,450 |
| INCOME & EXPENSE | |
| Loan Income | 4,423,225 |
| Investment Income | 187,049 |
| Other Income | 424,287 |
| Total Employee Compensation & Benefits | 2,821,552 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,691,673 |
| Non-operating Income & (Expense) | -22,950 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -308,098 |
| Cost of Funds | 449,116 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,134,441 |
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