Dec, 31, 2023 — HOMETOWN CREDIT UNION is a federally insured state chartered credit union headquartered in KULM, ND with 5 branch locations and about $192.13 million in total assets. Opened 75 years ago in 1949, HOMETOWN CREDIT UNION has about 3,315 members and employs 47 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | HOMETOWN CREDIT UNION |
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Address: (Main Office) | 18 MAIN AVE S KULM, ND 58456 |
Phone: | (701) 647-2448 |
Fax: | (701) 647-2449 |
Website: | https://www.hcuonline.com |
Branches: | 5 branch locations |
Members: | 3,315 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 61648 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1949 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $192,131,949 |
CEO/Manager: | HAROLD HAGEN |
Chairperson: | RODNEY KINZLER |
ASSETS: | $ Amount |
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Cash & Equivalents | 7,295,477 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 79,739,648 |
Unsecured Loans | 309,495 |
Other Loans | 79,974,558 |
TOTAL LOANS | 160,178,785 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,012,950 |
Land And Building | 1,494,124 |
Other Fixed Assets | 551,122 |
NCUSIF Deposit | 1,310,045 |
All Other Assets | 124,853 |
TOTAL ASSETS | 192,131,949 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1,172,137 |
Notes & Interest Payable | 5,000,000 |
Accounts Payable & Other Liabilities | 613,289 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 18,564,246 |
Regular shares | 40,217,673 |
All Other Shares & Deposits | 97,273,795 |
TOTAL SHARES & DEPOSITS | 156,055,715 |
TOTAL LIABILITIES | 162,841,141 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 29,290,808 |
TOTAL EQUITY | 29,290,808 |
TOTAL LIABILITIES, SHARES, & EQUITY | 192,131,949 |
INCOME & EXPENSE | |
Loan Income | 8,913,677 |
Investment Income | 671,890 |
Other Income | 282,178 |
Total Employee Compensation & Benefits | 3,082,920 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,342,052 |
Non-operating Income & (Expense) | 54,259 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -363,205 |
Cost of Funds | 3,697,281 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,550,673 |
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