Dec, 31, 2023 — KELLOGG COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in BATTLE CREEK, MI with 14 branch locations and about $857.42 million in total assets. Opened 83 years ago in 1941, KELLOGG COMMUNITY CREDIT UNION has about 48,450 members and employs 150 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | KELLOGG COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 41 2nd St BATTLE CREEK, MI 49014-6286 |
| Phone: | (269) 968-9251 |
| Fax: | (269) 966-0648 |
| Website: | https://www.kelloggccu.org |
| Branches: | 14 branch locations |
| Members: | 48,450 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68678 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1941 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $857,416,205 |
| CEO/Manager: | Tracy L Miller |
| Chairperson: | Henry Pat Rolfe |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 71,837,224 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 381,257,787 |
| Unsecured Loans | 30,233,931 |
| Other Loans | 234,507,583 |
| TOTAL LOANS | 645,999,301 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,352,000 |
| Land And Building | 10,533,227 |
| Other Fixed Assets | 2,070,140 |
| NCUSIF Deposit | 6,549,871 |
| All Other Assets | 183,258 |
| TOTAL ASSETS | 857,416,205 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 589 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 12,514,739 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 117,076,392 |
| Regular shares | 130,551,551 |
| All Other Shares & Deposits | 471,095,825 |
| TOTAL SHARES & DEPOSITS | 718,723,769 |
| TOTAL LIABILITIES | 731,239,097 |
| Regular Reserve | 0 |
| Other Reserves | -4,855,534 |
| Undivided Earnings | 131,032,642 |
| TOTAL EQUITY | 126,177,108 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 857,416,205 |
| INCOME & EXPENSE | |
| Loan Income | 30,680,034 |
| Investment Income | 5,070,795 |
| Other Income | 4,708,973 |
| Total Employee Compensation & Benefits | 11,532,407 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 11,023,470 |
| Non-operating Income & (Expense) | -8,130 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,912,144 |
| Cost of Funds | 10,014,380 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 12,667,133 |
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