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CONSTRUCTION FEDERAL CREDIT UNION

Mar, 31, 2021 — CONSTRUCTION FEDERAL CREDIT UNION is a federal credit union headquartered in BINGHAM FARMS, MI with 1 branch location and about $28.41 million in total assets. Opened 47 years ago in 1974, CONSTRUCTION FEDERAL CREDIT UNION has about 1,276 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:CONSTRUCTION FEDERAL CREDIT UNION
Address:
(Main Office)
30400 TELEGRAPH RD STE 122, BINGHAM
BINGHAM FARMS, MI 48025
Phone:(248) 358-4140
Fax:(248) 358-2452
Website:http://cfcuonline.com
Branches:1 branch locations
Members:1,276
Credit Union Type:Federal Credit Union
Charter Number:21798
Membership Type:Multiple common bond - other
Corporate Credit Union:No
Year Opened:1974
Last Audited:Dec 01, 2019
FHLB Member:No
Low Income Designation:No
Assets:$28,411,739
CEO/Manager:William Tomanek
Chairperson:Bruce Pregler

Call Report

  • Commercial Loans
  • Micro Business Loans
  • Overdraft Lines of Credit
  • Participation Loans
  • Real Estate Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 7,815,899
TOTAL INVESTMENTS 7,173,800
Loans Held for Sale 0
 
 Real Estate Loans 11,572,715
 Unsecured Loans 515,120
 Other Loans 1,102,327
 TOTAL LOANS 13,190,162
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -39,555
 Land And Building 0
 Other Fixed Assets 5,284
 NCUSIF Deposit 205,640
 All Other Assets 60,509
  TOTAL ASSETS 28,411,739
LIABILITIES & CAPITAL:  
 Dividends Payable 2,115
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 45,660
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 13,135,439
 Regular shares 7,175,374
 All Other Shares & Deposits 4,889,984
  TOTAL SHARES & DEPOSITS 25,200,797
  TOTAL LIABILITIES 25,248,572
 Regular Reserve 483,273
 Other Reserves 0
 Undivided Earnings 2,679,894
  TOTAL EQUITY 3,163,167
  TOTAL LIABILITIES, SHARES, & EQUITY 28,411,739
INCOME & EXPENSE  
 Loan Income 104,119
 Investment Income 26,138
 Other Income 9,304
 Total Employee Compensation & Benefits 70,590
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 85,247
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 19,323
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -26,640
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