Dec, 31, 2023 — FILER CREDIT UNION is a federally insured state chartered credit union headquartered in MANISTEE, MI with 3 branch locations and about $232.96 million in total assets. Opened 73 years ago in 1951, FILER CREDIT UNION has about 11,999 members and employs 40 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FILER CREDIT UNION |
|---|---|
| Address: (Main Office) | 1117 28th St MANISTEE, MI 49660 |
| Phone: | (231) 723-3400 |
| Fax: | (231) 723-7798 |
| Website: | https://www.filercu.com |
| Branches: | 3 branch locations |
| Members: | 11,999 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62010 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1951 |
| Last Audited: | Aug 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $232,956,386 |
| CEO/Manager: | KYLE GURZYNSKI |
| Chairperson: | Richard A Tetsworth |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 12,520,933 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 270,000 |
| Real Estate Loans | 74,995,893 |
| Unsecured Loans | 12,312,406 |
| Other Loans | 50,550,209 |
| TOTAL LOANS | 137,858,509 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,117,526 |
| Land And Building | 3,322,138 |
| Other Fixed Assets | 175,043 |
| NCUSIF Deposit | 2,029,733 |
| All Other Assets | 0 |
| TOTAL ASSETS | 232,956,386 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 102,254 |
| Notes & Interest Payable | 494,628 |
| Accounts Payable & Other Liabilities | 1,466,562 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 31,851,288 |
| Regular shares | 82,174,158 |
| All Other Shares & Deposits | 97,421,372 |
| TOTAL SHARES & DEPOSITS | 211,446,817 |
| TOTAL LIABILITIES | 213,510,261 |
| Regular Reserve | 0 |
| Other Reserves | -7,563,233 |
| Undivided Earnings | 27,009,358 |
| TOTAL EQUITY | 19,446,125 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 232,956,386 |
| INCOME & EXPENSE | |
| Loan Income | 6,173,863 |
| Investment Income | 2,193,830 |
| Other Income | 812,329 |
| Total Employee Compensation & Benefits | 2,494,272 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,875,337 |
| Non-operating Income & (Expense) | -206 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 459,387 |
| Cost of Funds | 2,399,391 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,790,901 |
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