Dec, 31, 2023 — ALPENA COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in ALPENA, MI with 1 branch location and about $31.62 million in total assets. Opened 54 years ago in 1970, ALPENA COMMUNITY CREDIT UNION has about 2,330 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ALPENA COMMUNITY CREDIT UNION |
---|---|
Address: (Main Office) | 710 W Miller St ALPENA, MI 49707-1875 |
Phone: | (989) 356-4561 |
Fax: | (989) 356-1493 |
Website: | https://www.alpenacreditunion.com |
Branches: | 1 branch locations |
Members: | 2,330 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 62264 |
---|---|
Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1970 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $31,619,318 |
CEO/Manager: | Ann D Boyk |
Chairperson: | Ryan Suszek |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 862,582 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 7,086,315 |
Unsecured Loans | 927,472 |
Other Loans | 5,753,088 |
TOTAL LOANS | 13,766,875 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -48,585 |
Land And Building | 169,116 |
Other Fixed Assets | 50,668 |
NCUSIF Deposit | 281,882 |
All Other Assets | 0 |
TOTAL ASSETS | 31,619,318 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,332,763 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 6,448,791 |
Regular shares | 16,613,321 |
All Other Shares & Deposits | 4,905,358 |
TOTAL SHARES & DEPOSITS | 27,967,470 |
TOTAL LIABILITIES | 29,300,234 |
Regular Reserve | 0 |
Other Reserves | -713,893 |
Undivided Earnings | 3,032,977 |
TOTAL EQUITY | 2,319,084 |
TOTAL LIABILITIES, SHARES, & EQUITY | 31,619,318 |
INCOME & EXPENSE | |
Loan Income | 548,793 |
Investment Income | 360,028 |
Other Income | 115,970 |
Total Employee Compensation & Benefits | 451,601 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 506,200 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 30,205 |
Cost of Funds | 64,700 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 282,862 |
↑ Back to Top |