Jun, 30, 2023 — MARSHALL COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in MARSHALL, MI with 3 branch locations and about $306.82 million in total assets. Opened 73 years ago in 1951, MARSHALL COMMUNITY CREDIT UNION has about 14,871 members and employs 61 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MARSHALL COMMUNITY CREDIT UNION |
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Address: (Main Office) | 839 W Green St MARSHALL, MI 49068 |
Phone: | (269) 781-9885 |
Fax: | (269) 781-8099 |
Website: | https://www.marshallcommunitycu.com |
Branches: | 3 branch locations |
Members: | 14,871 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 62160 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1951 |
Last Audited: | Dec 01, 2021 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $306,824,942 |
CEO/Manager: | Corrie Rozell |
Chairperson: | Jay Larson |
ASSETS: | $ Amount |
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Cash & Equivalents | 17,604,444 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 305,550 |
Real Estate Loans | 148,918,566 |
Unsecured Loans | 14,312,356 |
Other Loans | 37,926,183 |
TOTAL LOANS | 201,215,749 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,311,928 |
Land And Building | 4,242,739 |
Other Fixed Assets | 392,876 |
NCUSIF Deposit | 2,304,629 |
All Other Assets | 0 |
TOTAL ASSETS | 306,824,942 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 33,753 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,476,300 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 59,300,954 |
Regular shares | 71,272,440 |
All Other Shares & Deposits | 133,390,751 |
TOTAL SHARES & DEPOSITS | 263,964,145 |
TOTAL LIABILITIES | 266,474,198 |
Regular Reserve | 0 |
Other Reserves | -8,862,087 |
Undivided Earnings | 49,212,831 |
TOTAL EQUITY | 40,350,744 |
TOTAL LIABILITIES, SHARES, & EQUITY | 306,824,942 |
INCOME & EXPENSE | |
Loan Income | 6,272,667 |
Investment Income | 1,383,857 |
Other Income | 1,170,443 |
Total Employee Compensation & Benefits | 3,062,401 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 4,073,185 |
Non-operating Income & (Expense) | -3,738 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 210,778 |
Cost of Funds | 850,926 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,257,538 |
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