Dec, 31, 2023 — FARGO VA FEDERAL CREDIT UNION is a federal credit union headquartered in FARGO, ND with 1 branch location and about $14.08 million in total assets. Opened 89 years ago in 1935, FARGO VA FEDERAL CREDIT UNION has about 1,516 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: | FARGO VA FEDERAL CREDIT UNION |
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Address: (Main Office) | 2101 Elm St N FARGO, ND 58102-2417 |
Phone: | (701) 280-0870 |
Fax: | (701) 235-0012 |
Website: | https://www.fargovafcu.org |
Branches: | 1 branch locations |
Members: | 1,516 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 288 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1935 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $14,080,967 |
CEO/Manager: | Jana L Thune |
Chairperson: | Nanda Gross |
ASSETS: | $ Amount |
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Cash & Equivalents | 978,612 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,166,974 |
Unsecured Loans | 663,537 |
Other Loans | 6,152,723 |
TOTAL LOANS | 7,983,233 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -11,234 |
Land And Building | 2 |
Other Fixed Assets | 25,861 |
NCUSIF Deposit | 128,744 |
All Other Assets | 0 |
TOTAL ASSETS | 14,080,967 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 72,566 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,005,455 |
Regular shares | 5,303,655 |
All Other Shares & Deposits | 4,321,480 |
TOTAL SHARES & DEPOSITS | 12,630,590 |
TOTAL LIABILITIES | 12,703,156 |
Regular Reserve | 0 |
Other Reserves | 182,003 |
Undivided Earnings | 1,195,808 |
TOTAL EQUITY | 1,377,811 |
TOTAL LIABILITIES, SHARES, & EQUITY | 14,080,967 |
INCOME & EXPENSE | |
Loan Income | 366,537 |
Investment Income | 104,706 |
Other Income | 46,767 |
Total Employee Compensation & Benefits | 218,122 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 299,615 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 19,946 |
Cost of Funds | 52,368 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 32,328 |
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