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LIMESTONE FEDERAL CREDIT UNION

Dec, 31, 2020 — LIMESTONE FEDERAL CREDIT UNION is a federal credit union headquartered in MANISTIQUE, MI with 2 branch locations and about $51.95 million in total assets. Opened 67 years ago in 1954, LIMESTONE FEDERAL CREDIT UNION has about 4,274 members and employs 20 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
Address:
(Main Office)
131 RIVER ST
MANISTIQUE, MI 49854
Phone:(906) 341-5866
Fax:(906) 341-6070
Website:http://www.limestonefederal.com
Branches:2 branch locations
Members:4,274
Credit Union Type:Federal Credit Union
Charter Number:10083
Membership Type:Community - Rural District
Corporate Credit Union:No
Year Opened:1954
Last Audited:Dec 01, 2019
FHLB Member:No
Low Income Designation:No
Assets:$51,951,055
CEO/Manager:Jennifer C Watson
Chairperson:RONALD D PROVO

Call Report

  • Commercial Loans
  • Micro Consumer Loans
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • First Time Homebuyer Program
  • In-School Branches
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 10,215,795
TOTAL INVESTMENTS 2,870,753
Loans Held for Sale 0
 
 Real Estate Loans 17,577,763
 Unsecured Loans 3,488,195
 Other Loans 15,463,509
 TOTAL LOANS 36,529,467
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -166,033
 Land And Building 1,267,063
 Other Fixed Assets 192,879
 NCUSIF Deposit 435,669
 All Other Assets 605,462
  TOTAL ASSETS 51,951,055
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 85,408
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 8,662,832
 Regular shares 20,428,360
 All Other Shares & Deposits 16,361,044
  TOTAL SHARES & DEPOSITS 45,452,236
  TOTAL LIABILITIES 45,537,644
 Regular Reserve 889,019
 Other Reserves -5,908
 Undivided Earnings 5,530,300
  TOTAL EQUITY 6,413,411
  TOTAL LIABILITIES, SHARES, & EQUITY 51,951,055
INCOME & EXPENSE  
 Loan Income 1,931,658
 Investment Income 22,056
 Other Income 660,124
 Total Employee Compensation & Benefits 1,037,252
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,001,993
 Non-operating Income & (Expense) -19,504
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 49,598
 Cost of Funds 254,629
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 250,862
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