Dec, 31, 2023 — UNITED CHURCHES CREDIT UNION is a federally insured state chartered credit union headquartered in TAYLOR, MI with 1 branch location and about $21.42 million in total assets. Opened 67 years ago in 1957, UNITED CHURCHES CREDIT UNION has about 1,247 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: | UNITED CHURCHES CREDIT UNION |
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Address: (Main Office) | 20252 Ecorse Rd TAYLOR, MI 48180 |
Phone: | (313) 382-1340 |
Fax: | (313) 382-0823 |
Website: | https://www.unitedchurchescu.org |
Branches: | 1 branch locations |
Members: | 1,247 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 62144 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1957 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $21,417,602 |
CEO/Manager: | Michelle Woodhead |
Chairperson: | Alan Srodawa |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,584,117 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,714,887 |
Unsecured Loans | 480,887 |
Other Loans | 2,366,056 |
TOTAL LOANS | 5,561,830 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -30,900 |
Land And Building | 0 |
Other Fixed Assets | 14,556 |
NCUSIF Deposit | 208,148 |
All Other Assets | 0 |
TOTAL ASSETS | 21,417,602 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 35,125 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 49,355 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,910,556 |
Regular shares | 12,271,604 |
All Other Shares & Deposits | 3,536,840 |
TOTAL SHARES & DEPOSITS | 19,719,000 |
TOTAL LIABILITIES | 19,803,480 |
Regular Reserve | 0 |
Other Reserves | 558,321 |
Undivided Earnings | 1,055,801 |
TOTAL EQUITY | 1,614,122 |
TOTAL LIABILITIES, SHARES, & EQUITY | 21,417,602 |
INCOME & EXPENSE | |
Loan Income | 300,959 |
Investment Income | 410,233 |
Other Income | 129,057 |
Total Employee Compensation & Benefits | 188,702 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 401,095 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,974 |
Cost of Funds | 59,203 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 189,373 |
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