Dec, 31, 2023 — AEROQUIP CREDIT UNION is a federally insured state chartered credit union headquartered in JACKSON, MI with 3 branch locations and about $50.98 million in total assets. Opened 75 years ago in 1949, AEROQUIP CREDIT UNION has about 3,899 members and employs 12 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | AEROQUIP CREDIT UNION |
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Address: (Main Office) | 901 Plymouth St JACKSON, MI 49201 |
Phone: | (517) 789-2890 |
Fax: | (517) 782-7607 |
Website: | https://www.aeroquipcu.com |
Branches: | 3 branch locations |
Members: | 3,899 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 61405 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1949 |
Last Audited: | Oct 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $50,976,032 |
CEO/Manager: | Lisa K Robinson |
Chairperson: | Linda K Way |
ASSETS: | $ Amount |
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Cash & Equivalents | 495,021 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 13,426,759 |
Unsecured Loans | 3,456,078 |
Other Loans | 11,035,560 |
TOTAL LOANS | 28,165,632 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -100,940 |
Land And Building | 732,927 |
Other Fixed Assets | 100,789 |
NCUSIF Deposit | 433,739 |
All Other Assets | 0 |
TOTAL ASSETS | 50,976,032 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 3,750 |
Notes & Interest Payable | 222,832 |
Accounts Payable & Other Liabilities | 852,209 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 11,389,536 |
Regular shares | 22,903,701 |
All Other Shares & Deposits | 8,963,818 |
TOTAL SHARES & DEPOSITS | 43,257,055 |
TOTAL LIABILITIES | 44,335,846 |
Regular Reserve | 0 |
Other Reserves | 131,033 |
Undivided Earnings | 6,509,153 |
TOTAL EQUITY | 6,640,186 |
TOTAL LIABILITIES, SHARES, & EQUITY | 50,976,032 |
INCOME & EXPENSE | |
Loan Income | 1,303,108 |
Investment Income | 368,540 |
Other Income | 155,206 |
Total Employee Compensation & Benefits | 883,726 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 998,500 |
Non-operating Income & (Expense) | -10 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 83,214 |
Cost of Funds | 52,497 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 198,359 |
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