Debt and equities
Catholic United Financial, St. Paul, a fraternal benefit association and insurer, said it had net income of $784,055 on revenue of $86 million in 2014. CEO Harald Borrmann said Catholic United posted its fifth consecutive year of financial growth, including record assets of $834 million, life insurance in force and premium income of $16.3 million. Catholic United donated $2.1 million in 2014 to Catholic schools, parishes and communities in its five-state territory.
Twin Cities Power Holdings, Lakeville, has filed registration statement with the Securities and Exchange Commission to sell $75 million worth of renewable unsecured subordinated notes. Proceeds of the long-term debt will be used to fund the growth of its retail energy business.