Dec, 31, 2023 — OMNI COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in BATTLE CREEK, MI with 13 branch locations and about $589.68 million in total assets. Opened 72 years ago in 1952, OMNI COMMUNITY CREDIT UNION has about 45,102 members and employs 129 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | OMNI COMMUNITY CREDIT UNION |
---|---|
Address: (Main Office) | 3141 Capital Ave SW BATTLE CREEK, MI 49015 |
Phone: | (269) 441-1400 |
Fax: | (269) 441-1451 |
Website: | https://www.omnicommunitycu.org |
Branches: | 13 branch locations |
Members: | 45,102 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 60105 |
---|---|
Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1952 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $589,679,504 |
CEO/Manager: | Mark J Cramer |
Chairperson: | Roger Davis |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 13,803,433 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 197,200 |
Real Estate Loans | 135,560,821 |
Unsecured Loans | 58,197,192 |
Other Loans | 122,945,486 |
TOTAL LOANS | 316,749,336 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,199,668 |
Land And Building | 14,813,669 |
Other Fixed Assets | 1,039,397 |
NCUSIF Deposit | 4,841,742 |
All Other Assets | 362,366 |
TOTAL ASSETS | 589,679,504 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1,770,487 |
Notes & Interest Payable | 11,000,000 |
Accounts Payable & Other Liabilities | 5,894,316 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 96,799,769 |
Regular shares | 175,881,330 |
All Other Shares & Deposits | 223,185,558 |
TOTAL SHARES & DEPOSITS | 495,866,657 |
TOTAL LIABILITIES | 514,531,460 |
Regular Reserve | 0 |
Other Reserves | -12,735,157 |
Undivided Earnings | 87,883,201 |
TOTAL EQUITY | 75,148,044 |
TOTAL LIABILITIES, SHARES, & EQUITY | 589,679,504 |
INCOME & EXPENSE | |
Loan Income | 19,884,829 |
Investment Income | 4,565,225 |
Other Income | 5,057,401 |
Total Employee Compensation & Benefits | 11,290,512 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 11,528,333 |
Non-operating Income & (Expense) | 3,205 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,782,480 |
Cost of Funds | 4,273,811 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 7,246,205 |
↑ Back to Top |