Dec, 31, 2023 — COPOCO COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in BAY CITY, MI with 3 branch locations and about $109.41 million in total assets. Opened 73 years ago in 1951, COPOCO COMMUNITY CREDIT UNION has about 9,164 members and employs 28 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | COPOCO COMMUNITY CREDIT UNION |
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Address: (Main Office) | 4265 Wilder Rd BAY CITY, MI 48706 |
Phone: | (989) 684-1873 |
Fax: | (989) 684-3631 |
Website: | https://www.copoco.org |
Branches: | 3 branch locations |
Members: | 9,164 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 60470 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1951 |
Last Audited: | Jun 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $109,413,647 |
CEO/Manager: | Doreen M Smith |
Chairperson: | Alan Shurkey |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,134,172 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 15,178,426 |
Unsecured Loans | 5,912,434 |
Other Loans | 34,470,531 |
TOTAL LOANS | 55,561,391 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -338,468 |
Land And Building | 3,123,987 |
Other Fixed Assets | 308,268 |
NCUSIF Deposit | 1,062,358 |
All Other Assets | 0 |
TOTAL ASSETS | 109,413,647 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 50,926 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 959,308 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 18,260,492 |
Regular shares | 64,291,894 |
All Other Shares & Deposits | 20,423,088 |
TOTAL SHARES & DEPOSITS | 102,975,475 |
TOTAL LIABILITIES | 103,985,709 |
Regular Reserve | 0 |
Other Reserves | -3,910,434 |
Undivided Earnings | 9,338,372 |
TOTAL EQUITY | 5,427,938 |
TOTAL LIABILITIES, SHARES, & EQUITY | 109,413,647 |
INCOME & EXPENSE | |
Loan Income | 2,877,900 |
Investment Income | 888,278 |
Other Income | 570,122 |
Total Employee Compensation & Benefits | 1,701,228 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,608,462 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 154,535 |
Cost of Funds | 520,368 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -423,972 |
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