TRADES & LABOR Credit Union Profile

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TRADES & LABOR

Charter #24674 | NCUA Region 3 | FCU
Low-Income Designation: Yes
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (507) 377-1863

Fax: (507) 377-0116

Founding Date: N/A

Website: http://www.tradesandlabor.com

Personnel & Operations

President: NIELSEN, PAUL

Manager: Skinness, Bradley

FT Employees: 5

PT Employees: 0

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 50

Branches: 1

Hours: MONDAY - THURS 8:30 TO 5:00 FRIDAY 8:30 T

Credit Union Profile Summary

TRADES & LABOR is a FCU Credit Union. With a total of 2,303 members [1], this institution manages approximately $21,745,055 in total assets [1]. It proudly serves as a Low-Income Designated institution. Key financial indicators show a solid Net Worth Ratio of 14.53% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at -3.45% [1].

Financial Snapshot

Total Assets [1]
$21,745,055

Total economic resources.

Total Loans [1]
$14,855,284

Total value of outstanding loans.

Total Deposits [1]
$18,452,447

Total funds deposited by members.

Members [1]
2,303

Number of active members.

Performance Ratios

Net Worth Ratio [1]
14.53%

This is the credit union's safety cushion; 7.0% is the regulatory minimum. A higher ratio means the credit union is stable.

Return on Assets (ROAA) [1]
1.90%

Measures profitability. Shows profit generated per dollar of assets. Near 1.0% is considered strong.

Loan-to-Share Ratio [1]
80.51%

Measures lending activity using member deposits. Below 100% is generally healthy, balancing lending and liquidity.

Four-Quarter Growth

Asset Growth (4Q) [1]
↑ 4.06%

Indicates change in total size. Positive growth means the credit union is expanding its operations.

Loan Growth (4Q) [1]
↓ -3.45%

Shows change in lending activity. Positive growth means they are actively increasing their lending business.

Member Growth (4Q) [1]
↓ -0.69%

Indicates change in member count. Positive growth is a sign of a healthy, expanding member base.

Headquarters Location & Map

Headquarters Address

610 S BROADWAY AVE

ALBERT LEA, MN, 56007-4526
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Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

0

Rate This Credit Union

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Branch Locations

Found 1 branches reported by TRADES & LABOR (Charter #24674).

Main Office

TRADES & LABOR FCU Main Office

Type: Corporate Office

610 S BROADWAY AVE

Albert Lea, MN 56007-4526

Phone: (507) 377-1863

Services: Member Services, Drive-Thru

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