Dec, 31, 2023 — ELECTRICAL WORKERS LOCAL 58 CREDIT UNION is a federally insured state chartered credit union headquartered in DETROIT, MI with 1 branch location and about $19.80 million in total assets. Opened 69 years ago in 1955, ELECTRICAL WORKERS LOCAL 58 CREDIT UNION has about 2,242 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ELECTRICAL WORKERS LOCAL 58 CREDIT UNION |
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Address: (Main Office) | 1366 porter ST DETROIT, MI 48226 |
Phone: | (313) 963-6060 |
Fax: | (313) 962-6973 |
Website: | https://www.ewcu.net |
Branches: | 1 branch locations |
Members: | 2,242 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 64267 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1955 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $19,797,590 |
CEO/Manager: | JESSICA FOX |
Chairperson: | THOMAS WEERTZ |
ASSETS: | $ Amount |
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Cash & Equivalents | 638,084 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 414,503 |
Other Loans | 5,286,283 |
TOTAL LOANS | 5,700,786 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -27,967 |
Land And Building | 18,017 |
Other Fixed Assets | 37,738 |
NCUSIF Deposit | 175,635 |
All Other Assets | 0 |
TOTAL ASSETS | 19,797,590 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 19,229 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,886,128 |
Regular shares | 13,825,604 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 17,711,732 |
TOTAL LIABILITIES | 17,730,961 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 2,066,629 |
TOTAL EQUITY | 2,066,629 |
TOTAL LIABILITIES, SHARES, & EQUITY | 19,797,590 |
INCOME & EXPENSE | |
Loan Income | 290,857 |
Investment Income | 263,569 |
Other Income | 40,108 |
Total Employee Compensation & Benefits | 184,178 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 261,217 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,939 |
Cost of Funds | 35,280 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 108,881 |
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