Dec, 31, 2023 — MUSKEGON ST JOSEPH FEDERAL CREDIT UNION is a federal credit union headquartered in MUSKEGON, MI with 1 branch location and about $16.06 million in total assets. Opened 72 years ago in 1952, MUSKEGON ST JOSEPH FEDERAL CREDIT UNION has about 1,521 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MUSKEGON ST JOSEPH FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | 1903 Barclay St MUSKEGON, MI 49441 |
Phone: | (231) 759-7931 |
Fax: | (231) 759-7432 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 1,521 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 8141 |
---|---|
Membership Type: | Associational - Religious, other than those designated 'low-income' |
Corporate Credit Union: | No |
Year Opened: | 1952 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $16,056,942 |
CEO/Manager: | Mary L Kleinsorge |
Chairperson: | James Schuiteman |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 1,615,122 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 3,257,211 |
Unsecured Loans | 833,205 |
Other Loans | 5,998,022 |
TOTAL LOANS | 10,088,438 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -28,394 |
Land And Building | 0 |
Other Fixed Assets | 21,351 |
NCUSIF Deposit | 159,854 |
All Other Assets | 0 |
TOTAL ASSETS | 16,056,942 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 14,747 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 14,708,408 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 14,708,408 |
TOTAL LIABILITIES | 14,723,155 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 1,333,787 |
TOTAL EQUITY | 1,333,787 |
TOTAL LIABILITIES, SHARES, & EQUITY | 16,056,942 |
INCOME & EXPENSE | |
Loan Income | 421,226 |
Investment Income | 107,030 |
Other Income | 9,539 |
Total Employee Compensation & Benefits | 171,022 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 137,969 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,884 |
Cost of Funds | 347,099 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -412,217 |
↑ Back to Top |