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WAKOTA FEDERAL CREDIT UNION

Dec, 31, 2023 — WAKOTA FEDERAL CREDIT UNION is a federal credit union headquartered in SOUTH ST PAUL, MN with 1 branch location and about $42.75 million in total assets. Opened 93 years ago in 1931, WAKOTA FEDERAL CREDIT UNION has about 3,850 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 296075522
Name:WAKOTA FEDERAL CREDIT UNION
Address:
(Main Office)
1151 Southview Blvd
SOUTH ST PAUL, MN 55075
Phone:(651) 451-3330
Fax:(651) 451-1385
Website:https://www.wakotafcu.org
Branches:1 branch locations
Members:3,850
Credit Union Type:Federal Credit Union
Charter Number:24579
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1931
Last Audited:Mar 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$42,746,937
CEO/Manager:Mary Matheson
Chairperson:Ed Loveridge

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,554,342
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 3,800,558
 Unsecured Loans 1,923,518
 Other Loans 23,190,876
 TOTAL LOANS 28,914,952
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -264,229
 Land And Building 855,098
 Other Fixed Assets 75,052
 NCUSIF Deposit 387,426
 All Other Assets 0
  TOTAL ASSETS 42,746,937
LIABILITIES & CAPITAL:  
 Dividends Payable 29,129
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 502,863
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 8,829,213
 Regular shares 18,915,481
 All Other Shares & Deposits 10,964,663
  TOTAL SHARES & DEPOSITS 38,709,357
  TOTAL LIABILITIES 39,241,349
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 3,505,588
  TOTAL EQUITY 3,505,588
  TOTAL LIABILITIES, SHARES, & EQUITY 42,746,937
INCOME & EXPENSE  
 Loan Income 1,382,373
 Investment Income 283,739
 Other Income 423,152
 Total Employee Compensation & Benefits 671,678
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 655,889
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 228,867
 Cost of Funds 195,083
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 391,596
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