Dec, 31, 2023 — UNITED BAY COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in BAY CITY, MI with 6 branch locations and about $274.27 million in total assets. Opened 75 years ago in 1949, UNITED BAY COMMUNITY CREDIT UNION has about 18,280 members and employs 80 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | UNITED BAY COMMUNITY CREDIT UNION |
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Address: (Main Office) | 1309 N Lincoln St BAY CITY, MI 48708-6172 |
Phone: | (989) 892-4597 |
Fax: | (989) 892-5701 |
Website: | https://www.ubccu.org |
Branches: | 6 branch locations |
Members: | 18,280 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 61186 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1949 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $274,268,604 |
CEO/Manager: | Diane Abbonizio |
Chairperson: | Donald Goulet |
ASSETS: | $ Amount |
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Cash & Equivalents | 13,290,498 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 102,474,405 |
Unsecured Loans | 14,533,743 |
Other Loans | 110,663,990 |
TOTAL LOANS | 227,672,138 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -714,708 |
Land And Building | 6,434,794 |
Other Fixed Assets | 2,538,257 |
NCUSIF Deposit | 2,561,943 |
All Other Assets | 27,000 |
TOTAL ASSETS | 274,268,604 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,168,212 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 43,799,342 |
Regular shares | 82,069,685 |
All Other Shares & Deposits | 127,443,938 |
TOTAL SHARES & DEPOSITS | 253,312,965 |
TOTAL LIABILITIES | 254,481,177 |
Regular Reserve | 0 |
Other Reserves | 11,887,556 |
Undivided Earnings | 7,899,871 |
TOTAL EQUITY | 19,787,427 |
TOTAL LIABILITIES, SHARES, & EQUITY | 274,268,604 |
INCOME & EXPENSE | |
Loan Income | 10,372,482 |
Investment Income | 631,090 |
Other Income | 2,538,433 |
Total Employee Compensation & Benefits | 6,304,084 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 5,306,997 |
Non-operating Income & (Expense) | -15,791 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 420,815 |
Cost of Funds | 1,832,628 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -38,794 |
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