WADENA FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA.
Dec, 31, 2023 — WADENA FEDERAL CREDIT UNION is a federal credit union headquartered in Wadena, MN with 0 branch location and about $14.77 million in total assets. Opened 75 years ago in 1949, WADENA FEDERAL CREDIT UNION has about 1,435 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WADENA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | PO Box 307 Wadena, MN 56482 |
| Phone: | (218) 631-1401 |
| Fax: | (218) 632-5401 |
| Website: | n/a |
| Branches: | 0 branch locations |
| Members: | 1,435 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6040 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1949 |
| Last Audited: | Jul 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $14,773,751 |
| CEO/Manager: | Kim Pexsa |
| Chairperson: | Terrence Mickunas |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,446,038 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 40,158 |
| Unsecured Loans | 22,384 |
| Other Loans | 2,531,964 |
| TOTAL LOANS | 2,594,506 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -121,989 |
| Land And Building | 33 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 99,665 |
| All Other Assets | 0 |
| TOTAL ASSETS | 14,773,751 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,121 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,560,521 |
| Regular shares | 2,661,765 |
| All Other Shares & Deposits | 6,125,274 |
| TOTAL SHARES & DEPOSITS | 11,347,560 |
| TOTAL LIABILITIES | 11,351,681 |
| Regular Reserve | 0 |
| Other Reserves | 148,026 |
| Undivided Earnings | 3,274,044 |
| TOTAL EQUITY | 3,422,070 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 14,773,751 |
| INCOME & EXPENSE | |
| Loan Income | 44,356 |
| Investment Income | 33,504 |
| Other Income | 3,351 |
| Total Employee Compensation & Benefits | 48,210 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 29,287 |
| Non-operating Income & (Expense) | 130 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 4,239 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -395 |
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