Dec, 31, 2023 — MEIJER CREDIT UNION is a federally insured state chartered credit union headquartered in GRAND RAPIDS, MI with 2 branch locations and about $93.32 million in total assets. Opened 66 years ago in 1958, MEIJER CREDIT UNION has about 14,343 members and employs 33 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MEIJER CREDIT UNION |
|---|---|
| Address: (Main Office) | 2410 Gaynor Ave NW GRAND RAPIDS, MI 49544-1830 |
| Phone: | (616) 784-4822 |
| Fax: | (616) 784-3442 |
| Website: | https://www.meijercreditunion.com |
| Branches: | 2 branch locations |
| Members: | 14,343 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62393 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1958 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $93,322,832 |
| CEO/Manager: | Matthew Yanoschik |
| Chairperson: | Tom Riddle |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,174,902 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 435,000 |
| Real Estate Loans | 33,632,822 |
| Unsecured Loans | 5,481,301 |
| Other Loans | 24,482,638 |
| TOTAL LOANS | 63,596,763 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -292,789 |
| Land And Building | 782,640 |
| Other Fixed Assets | 143,400 |
| NCUSIF Deposit | 816,083 |
| All Other Assets | 0 |
| TOTAL ASSETS | 93,322,832 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 110,695 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,276,030 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 19,574,922 |
| Regular shares | 42,695,634 |
| All Other Shares & Deposits | 21,388,991 |
| TOTAL SHARES & DEPOSITS | 83,659,548 |
| TOTAL LIABILITIES | 85,046,273 |
| Regular Reserve | 0 |
| Other Reserves | -939,091 |
| Undivided Earnings | 9,215,650 |
| TOTAL EQUITY | 8,276,559 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 93,322,832 |
| INCOME & EXPENSE | |
| Loan Income | 3,614,857 |
| Investment Income | 445,985 |
| Other Income | 1,358,287 |
| Total Employee Compensation & Benefits | 2,627,648 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,230,214 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 105,002 |
| Cost of Funds | 616,703 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 796,977 |
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