Dec, 31, 2023 — CONSUMERS CREDIT UNION is a federally insured state chartered credit union headquartered in KALAMAZOO, MI with 29 branch locations and about $2.21 billion in total assets. Opened 60 years ago in 1964, CONSUMERS CREDIT UNION has about 134,825 members and employs 417 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CONSUMERS CREDIT UNION |
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Address: (Main Office) | 7200 Elm Valley Dr KALAMAZOO, MI 49009 |
Phone: | (269) 345-7804 |
Fax: | |
Website: | https://www.consumerscu.org |
Branches: | 29 branch locations |
Members: | 134,825 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 62172 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1964 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $2,206,395,595 |
CEO/Manager: | Scott Sylvester |
Chairperson: | Kim Shook |
ASSETS: | $ Amount |
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Cash & Equivalents | 81,152,595 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,061,906,310 |
Unsecured Loans | 50,633,728 |
Other Loans | 839,406,463 |
TOTAL LOANS | 1,951,946,502 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,741,122 |
Land And Building | 94,252,984 |
Other Fixed Assets | 9,005,195 |
NCUSIF Deposit | 14,419,015 |
All Other Assets | 1,010,478 |
TOTAL ASSETS | 2,206,395,595 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1,501,155 |
Notes & Interest Payable | 210,000,000 |
Accounts Payable & Other Liabilities | 18,018,758 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 432,875,221 |
Regular shares | 268,349,349 |
All Other Shares & Deposits | 1,073,098,769 |
TOTAL SHARES & DEPOSITS | 1,774,323,339 |
TOTAL LIABILITIES | 2,003,843,252 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 202,552,343 |
TOTAL EQUITY | 202,552,343 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,206,395,595 |
INCOME & EXPENSE | |
Loan Income | 92,674,233 |
Investment Income | 2,469,913 |
Other Income | 19,731,612 |
Total Employee Compensation & Benefits | 38,310,352 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 34,988,681 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,473,217 |
Cost of Funds | 36,080,495 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 21,133,408 |
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