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.
Name: | WAKOTA FEDERAL CREDIT UNION |
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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 |
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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 |
ASSETS: | $ Amount |
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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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