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ROCK COMMUNITY FEDERAL CREDIT UNION

Mar, 31, 2021 — ROCK COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in ROCK, MI with 1 branch location and about $7.92 million in total assets. Opened 49 years ago in 1972, ROCK COMMUNITY FEDERAL CREDIT UNION has about 880 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:ROCK COMMUNITY FEDERAL CREDIT UNION
Address:
(Main Office)
P.O. BOX 200
ROCK, MI 49880
Phone:(906) 356-6877
Fax:(906) 356-6824
Website:http://www.rockcommfcu.com
Branches:1 branch locations
Members:880
Credit Union Type:Federal Credit Union
Charter Number:21020
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1972
Last Audited:Jun 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$7,922,082
CEO/Manager:Marla J Moore
Chairperson:Wm. Craig Westlund

Call Report

  • Overdraft Protection
  • Real Estate Loans
  • Commercial Share Accounts
  • Check Cashing

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,827,590
TOTAL INVESTMENTS 2,517,900
Loans Held for Sale 0
 
 Real Estate Loans 8,195
 Unsecured Loans 211,175
 Other Loans 2,267,903
 TOTAL LOANS 2,487,273
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -27,311
 Land And Building 40,520
 Other Fixed Assets 2,621
 NCUSIF Deposit 62,450
 All Other Assets 11,039
  TOTAL ASSETS 7,922,082
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 6,992
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,936,778
 Regular shares 5,355,814
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 7,292,592
  TOTAL LIABILITIES 7,299,584
 Regular Reserve 135,000
 Other Reserves 0
 Undivided Earnings 487,498
  TOTAL EQUITY 622,498
  TOTAL LIABILITIES, SHARES, & EQUITY 7,922,082
INCOME & EXPENSE  
 Loan Income 29,052
 Investment Income 10,212
 Other Income 3
 Total Employee Compensation & Benefits 28,180
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 15,624
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 889
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -5,013
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