Dec, 31, 2023 — EMBERS CREDIT UNION is a federally insured state chartered credit union headquartered in MARQUETTE, MI with 8 branch locations and about $515.55 million in total assets. Opened 71 years ago in 1953, EMBERS CREDIT UNION has about 31,581 members and employs 131 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | EMBERS CREDIT UNION |
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Address: (Main Office) | 601 S McClellan Ave MARQUETTE, MI 49855 |
Phone: | (906) 228-7080 |
Fax: | |
Website: | https://www.embers.org |
Branches: | 8 branch locations |
Members: | 31,581 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 62038 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1953 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $515,551,996 |
CEO/Manager: | Thomas Blake |
Chairperson: | Sandra Villa-Mogush |
ASSETS: | $ Amount |
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Cash & Equivalents | 11,408,378 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 177,331,504 |
Unsecured Loans | 26,326,796 |
Other Loans | 131,670,851 |
TOTAL LOANS | 335,329,152 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,903,047 |
Land And Building | 13,132,163 |
Other Fixed Assets | 796,827 |
NCUSIF Deposit | 4,276,955 |
All Other Assets | 0 |
TOTAL ASSETS | 515,551,996 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 243,646 |
Notes & Interest Payable | 15,000,000 |
Accounts Payable & Other Liabilities | 4,350,088 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 78,043,497 |
Regular shares | 135,904,653 |
All Other Shares & Deposits | 233,314,656 |
TOTAL SHARES & DEPOSITS | 447,262,806 |
TOTAL LIABILITIES | 466,876,540 |
Regular Reserve | 0 |
Other Reserves | 12,512,258 |
Undivided Earnings | 36,163,198 |
TOTAL EQUITY | 48,675,456 |
TOTAL LIABILITIES, SHARES, & EQUITY | 515,551,996 |
INCOME & EXPENSE | |
Loan Income | 17,723,857 |
Investment Income | 2,083,044 |
Other Income | 2,586,172 |
Total Employee Compensation & Benefits | 9,281,632 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 8,439,543 |
Non-operating Income & (Expense) | 165 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 215,000 |
Cost of Funds | 4,690,293 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,700,549 |
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