Dec, 31, 2023 — TEAMSTERS CREDIT UNION is a federally insured state chartered credit union headquartered in DETROIT, MI with 1 branch location and about $15.89 million in total assets. Opened 56 years ago in 1968, TEAMSTERS CREDIT UNION has about 1,521 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | TEAMSTERS CREDIT UNION |
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Address: (Main Office) | 2825 Trumbull St DETROIT, MI 48216-1270 |
Phone: | (313) 962-4666 |
Fax: | (313) 963-5850 |
Website: | https://teamsterscreditunion.com |
Branches: | 1 branch locations |
Members: | 1,521 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 61791 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1968 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $15,894,947 |
CEO/Manager: | Darren Cameron |
Chairperson: | Larry Freeman |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,157,270 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 23,932 |
Unsecured Loans | 1,324,168 |
Other Loans | 3,731,024 |
TOTAL LOANS | 5,079,124 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -293,717 |
Land And Building | 113,944 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 115,309 |
All Other Assets | 0 |
TOTAL ASSETS | 15,894,947 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 182 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 64,782 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 6,420,417 |
Regular shares | 7,089,294 |
All Other Shares & Deposits | 866,530 |
TOTAL SHARES & DEPOSITS | 14,376,242 |
TOTAL LIABILITIES | 14,441,206 |
Regular Reserve | 0 |
Other Reserves | 311,381 |
Undivided Earnings | 1,142,360 |
TOTAL EQUITY | 1,453,741 |
TOTAL LIABILITIES, SHARES, & EQUITY | 15,894,947 |
INCOME & EXPENSE | |
Loan Income | 379,671 |
Investment Income | 155,036 |
Other Income | 8,159 |
Total Employee Compensation & Benefits | 336,621 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 526,407 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 230,196 |
Cost of Funds | 8,075 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -329,486 |
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