Dec, 31, 2023 — CONSUMERS PROFESSIONAL CREDIT UNION is a federally insured state chartered credit union headquartered in LANSING, MI with 4 branch locations and about $134.12 million in total assets. Opened 71 years ago in 1953, CONSUMERS PROFESSIONAL CREDIT UNION has about 7,795 members and employs 38 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 PROFESSIONAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 525 W Willow St LANSING, MI 48906-4745 |
| Phone: | (517) 372-2400 |
| Fax: | (517) 371-2728 |
| Website: | https://www.cpcu.co |
| Branches: | 4 branch locations |
| Members: | 7,795 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60947 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $134,118,964 |
| CEO/Manager: | Terry Garrison |
| Chairperson: | William F Burke |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 16,710,719 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 45,450,513 |
| Unsecured Loans | 4,327,588 |
| Other Loans | 13,873,778 |
| TOTAL LOANS | 63,651,879 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -469,579 |
| Land And Building | 1,898,436 |
| Other Fixed Assets | 537,673 |
| NCUSIF Deposit | 1,105,756 |
| All Other Assets | 104,841 |
| TOTAL ASSETS | 134,118,964 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 39 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 385,705 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 18,540,866 |
| Regular shares | 38,562,170 |
| All Other Shares & Deposits | 55,661,827 |
| TOTAL SHARES & DEPOSITS | 112,764,863 |
| TOTAL LIABILITIES | 113,150,607 |
| Regular Reserve | 0 |
| Other Reserves | 341,557 |
| Undivided Earnings | 20,626,800 |
| TOTAL EQUITY | 20,968,357 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 134,118,964 |
| INCOME & EXPENSE | |
| Loan Income | 3,464,172 |
| Investment Income | 2,525,582 |
| Other Income | 590,408 |
| Total Employee Compensation & Benefits | 2,033,902 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,081,564 |
| Non-operating Income & (Expense) | 292,646 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 296,987 |
| Cost of Funds | 1,160,722 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,741,248 |
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