Dec, 31, 2023 — WILDFIRE CREDIT UNION is a federally insured state chartered credit union headquartered in SAGINAW, MI with 7 branch locations and about $1.08 billion in total assets. Opened 87 years ago in 1937, WILDFIRE CREDIT UNION has about 48,083 members and employs 196 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | WILDFIRE CREDIT UNION |
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Address: (Main Office) | 6640 Bay Rd SAGINAW, MI 48604 |
Phone: | (989) 249-8200 |
Fax: | |
Website: | https://www.wildfirecu.org |
Branches: | 7 branch locations |
Members: | 48,083 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 60057 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1937 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,075,554,214 |
CEO/Manager: | Timothy W Benecke |
Chairperson: | Kenneth M Voelker |
ASSETS: | $ Amount |
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Cash & Equivalents | 37,412,509 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 358,576,106 |
Unsecured Loans | 58,346,097 |
Other Loans | 177,985,118 |
TOTAL LOANS | 594,907,321 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,072,058 |
Land And Building | 14,691,035 |
Other Fixed Assets | 3,432,979 |
NCUSIF Deposit | 8,688,569 |
All Other Assets | 290,160 |
TOTAL ASSETS | 1,075,554,214 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 827,370 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 11,047,933 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 29,992,203 |
Regular shares | 316,708,189 |
All Other Shares & Deposits | 616,761,366 |
TOTAL SHARES & DEPOSITS | 963,461,758 |
TOTAL LIABILITIES | 975,406,848 |
Regular Reserve | 0 |
Other Reserves | 52,826,434 |
Undivided Earnings | 47,320,932 |
TOTAL EQUITY | 100,147,366 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,075,554,214 |
INCOME & EXPENSE | |
Loan Income | 28,753,673 |
Investment Income | 10,179,861 |
Other Income | 3,594,231 |
Total Employee Compensation & Benefits | 16,116,341 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 17,018,835 |
Non-operating Income & (Expense) | -139,380 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,416,949 |
Cost of Funds | 14,328,603 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -247,877 |
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