Dec, 31, 2023 — ST. FRANCIS X FEDERAL CREDIT UNION is a federal credit union headquartered in PETOSKEY, MI with 4 branch locations and about $225.37 million in total assets. Opened 73 years ago in 1951, ST. FRANCIS X FEDERAL CREDIT UNION has about 9,653 members and employs 27 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ST. FRANCIS X FEDERAL CREDIT UNION |
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Address: (Main Office) | 2140 M 119 PETOSKEY, MI 49770 |
Phone: | (231) 348-7690 |
Fax: | |
Website: | https://www.stfranciscu.org |
Branches: | 4 branch locations |
Members: | 9,653 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 7219 |
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Membership Type: | Community - Rural District |
Corporate Credit Union: | No |
Year Opened: | 1951 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $225,371,592 |
CEO/Manager: | Scott Bingaman |
Chairperson: | Robinson Walker |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,974,851 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 105,299,621 |
Unsecured Loans | 1,764,026 |
Other Loans | 27,295,785 |
TOTAL LOANS | 134,359,432 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -568,298 |
Land And Building | 2,458,154 |
Other Fixed Assets | 69,192 |
NCUSIF Deposit | 1,775,455 |
All Other Assets | 0 |
TOTAL ASSETS | 225,371,592 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 25,281 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 32,642,099 |
Regular shares | 64,424,930 |
All Other Shares & Deposits | 97,230,356 |
TOTAL SHARES & DEPOSITS | 194,297,386 |
TOTAL LIABILITIES | 194,322,667 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 31,048,925 |
TOTAL EQUITY | 31,048,925 |
TOTAL LIABILITIES, SHARES, & EQUITY | 225,371,592 |
INCOME & EXPENSE | |
Loan Income | 5,994,771 |
Investment Income | 1,708,632 |
Other Income | 374,965 |
Total Employee Compensation & Benefits | 2,465,553 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,489,647 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 2,176,472 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,794,839 |
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