Dec, 31, 2023 — CREDIT UNION ONE is a federally insured state chartered credit union headquartered in FERNDALE, MI with 18 branch locations and about $1.72 billion in total assets. Opened 86 years ago in 1938, CREDIT UNION ONE has about 114,269 members and employs 338 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CREDIT UNION ONE |
|---|---|
| Address: (Main Office) | 400 E 9 Mile Rd FERNDALE, MI 48220 |
| Phone: | (248) 398-1210 |
| Fax: | (248) 584-5442 |
| Website: | https://www.cuone.org |
| Branches: | 18 branch locations |
| Members: | 114,269 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62562 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1938 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,720,762,815 |
| CEO/Manager: | Gary A Moody |
| Chairperson: | Guadalupe G Lara |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 148,606,096 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 644,934,817 |
| Unsecured Loans | 95,608,981 |
| Other Loans | 477,585,074 |
| TOTAL LOANS | 1,218,236,693 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -9,748,161 |
| Land And Building | 25,183,180 |
| Other Fixed Assets | 4,652,876 |
| NCUSIF Deposit | 14,757,696 |
| All Other Assets | 696,039 |
| TOTAL ASSETS | 1,720,762,815 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 418,331 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 13,172,316 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 476,606,998 |
| Regular shares | 462,034,821 |
| All Other Shares & Deposits | 627,788,504 |
| TOTAL SHARES & DEPOSITS | 1,566,430,323 |
| TOTAL LIABILITIES | 1,580,072,867 |
| Regular Reserve | 0 |
| Other Reserves | 8,775,120 |
| Undivided Earnings | 131,914,828 |
| TOTAL EQUITY | 140,689,948 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,720,762,815 |
| INCOME & EXPENSE | |
| Loan Income | 60,965,975 |
| Investment Income | 9,667,070 |
| Other Income | 4,696,395 |
| Total Employee Compensation & Benefits | 28,469,557 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 29,475,352 |
| Non-operating Income & (Expense) | -146,176 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,871,267 |
| Cost of Funds | 9,426,293 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 13,922,045 |
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