Dec, 31, 2023 — LIMESTONE FEDERAL CREDIT UNION is a federal credit union headquartered in MANISTIQUE, MI with 3 branch locations and about $65.40 million in total assets. Opened 70 years ago in 1954, LIMESTONE FEDERAL CREDIT UNION has about 4,403 members and employs 23 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | LIMESTONE FEDERAL CREDIT UNION |
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Address: (Main Office) | 131 RIVER ST MANISTIQUE, MI 49854 |
Phone: | (906) 341-5866 |
Fax: | (906) 341-6070 |
Website: | https://www.limestonefederal.com |
Branches: | 3 branch locations |
Members: | 4,403 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 10083 |
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Membership Type: | Community - Rural District |
Corporate Credit Union: | No |
Year Opened: | 1954 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $65,403,227 |
CEO/Manager: | Jennifer C Watson |
Chairperson: | James G Blanchard |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,333,241 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 26,080,401 |
Unsecured Loans | 5,284,270 |
Other Loans | 23,788,005 |
TOTAL LOANS | 55,152,676 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -199,041 |
Land And Building | 1,201,607 |
Other Fixed Assets | 383,495 |
NCUSIF Deposit | 500,291 |
All Other Assets | 0 |
TOTAL ASSETS | 65,403,227 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 119 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 590,725 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 9,458,453 |
Regular shares | 23,161,313 |
All Other Shares & Deposits | 24,489,881 |
TOTAL SHARES & DEPOSITS | 57,109,647 |
TOTAL LIABILITIES | 57,700,491 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 7,702,736 |
TOTAL EQUITY | 7,702,736 |
TOTAL LIABILITIES, SHARES, & EQUITY | 65,403,227 |
INCOME & EXPENSE | |
Loan Income | 2,828,744 |
Investment Income | 196,266 |
Other Income | 349,549 |
Total Employee Compensation & Benefits | 1,381,240 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,438,712 |
Non-operating Income & (Expense) | 323,544 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 118,281 |
Cost of Funds | 602,948 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 603,020 |
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