Dec, 31, 2023 — FARGO PUBLIC SCHOOLS FEDERAL CREDIT UNION is a federal credit union headquartered in FARGO, ND with 2 branch locations and about $56.42 million in total assets. Opened 90 years ago in 1934, FARGO PUBLIC SCHOOLS FEDERAL CREDIT UNION has about 2,346 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | FARGO PUBLIC SCHOOLS FEDERAL CREDIT UNION |
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Address: (Main Office) | 1609 32nd Ave S FARGO, ND 58103 |
Phone: | (701) 241-4770 |
Fax: | (701) 365-0458 |
Website: | https://www.fpsfcu.com |
Branches: | 2 branch locations |
Members: | 2,346 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 47 |
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Membership Type: | Educational |
Corporate Credit Union: | No |
Year Opened: | 1934 |
Last Audited: | Oct 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $56,422,933 |
CEO/Manager: | Mari Gagelin |
Chairperson: | Karla Volrath |
ASSETS: | $ Amount |
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Cash & Equivalents | 5,924,648 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 10,771,873 |
Unsecured Loans | 1,211,773 |
Other Loans | 11,744,632 |
TOTAL LOANS | 23,728,278 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -109,360 |
Land And Building | 1,812,049 |
Other Fixed Assets | 51,519 |
NCUSIF Deposit | 478,676 |
All Other Assets | 0 |
TOTAL ASSETS | 56,422,933 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 410,691 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 9,543,138 |
Regular shares | 11,475,598 |
All Other Shares & Deposits | 28,535,102 |
TOTAL SHARES & DEPOSITS | 49,553,838 |
TOTAL LIABILITIES | 49,964,529 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 6,458,404 |
TOTAL EQUITY | 6,458,404 |
TOTAL LIABILITIES, SHARES, & EQUITY | 56,422,933 |
INCOME & EXPENSE | |
Loan Income | 1,090,461 |
Investment Income | 528,785 |
Other Income | 55,293 |
Total Employee Compensation & Benefits | 660,705 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 631,191 |
Non-operating Income & (Expense) | 313,029 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 20,000 |
Cost of Funds | 436,514 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 239,158 |
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