Dec, 31, 2023 — NORTH STAR COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in MADDOCK, ND with 13 branch locations and about $488.02 million in total assets. Opened 84 years ago in 1940, NORTH STAR COMMUNITY CREDIT UNION has about 22,923 members and employs 115 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NORTH STAR COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 109 Central Ave N MADDOCK, ND 58348 |
| Phone: | (701) 438-2222 |
| Fax: | (701) 438-2223 |
| Website: | https://www.northstarccu.com |
| Branches: | 13 branch locations |
| Members: | 22,923 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62563 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1940 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $488,015,641 |
| CEO/Manager: | Bob Herrington |
| Chairperson: | Michael Black |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 41,024,659 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 98,391,028 |
| Unsecured Loans | 11,500,625 |
| Other Loans | 241,819,096 |
| TOTAL LOANS | 353,031,709 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,762,855 |
| Land And Building | 9,332,932 |
| Other Fixed Assets | 1,187,539 |
| NCUSIF Deposit | 3,293,050 |
| All Other Assets | 0 |
| TOTAL ASSETS | 488,015,641 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,236,497 |
| Notes & Interest Payable | 61,300,000 |
| Accounts Payable & Other Liabilities | 4,283,127 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 77,208,342 |
| Regular shares | 41,696,637 |
| All Other Shares & Deposits | 252,555,440 |
| TOTAL SHARES & DEPOSITS | 371,460,419 |
| TOTAL LIABILITIES | 438,280,043 |
| Regular Reserve | 0 |
| Other Reserves | 6,905,539 |
| Undivided Earnings | 42,830,059 |
| TOTAL EQUITY | 49,735,598 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 488,015,641 |
| INCOME & EXPENSE | |
| Loan Income | 20,216,421 |
| Investment Income | 2,021,492 |
| Other Income | 2,752,032 |
| Total Employee Compensation & Benefits | 8,551,890 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 5,963,320 |
| Non-operating Income & (Expense) | -55,179 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 750,000 |
| Cost of Funds | 8,140,432 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,104,760 |
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