Sep, 30, 2025 — CIRCLE FEDERAL CREDIT UNION is a federal credit union headquartered in NILES, MI with 3 branch locations and about $117.34 million in total assets. Opened 51 years ago in 1975, CIRCLE FEDERAL CREDIT UNION has about 5,979 members and employs 37 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CIRCLE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 507 E Main St NILES, MI 49120-2617 |
| Phone: | (269) 684-6005 |
| Fax: | (269) 684-6173 |
| Website: | https://www.circlefcu.org |
| Branches: | 3 branch locations |
| Members: | 5,979 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 22114 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1975 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $117,340,715 |
| CEO/Manager: | Susan Larson |
| Chairperson: | Richard Knott |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,135,840 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 55,427,790 |
| Unsecured Loans | 2,208,444 |
| Other Loans | 22,029,422 |
| TOTAL LOANS | 79,665,656 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -163,713 |
| Land And Building | 1,495,030 |
| Other Fixed Assets | 133,917 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 945,007 |
| All Other Assets | 0 |
| TOTAL ASSETS | 117,340,715 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,628,702 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 19,608,670 |
| Regular shares | 40,469,687 |
| All Other Shares & Deposits | 45,693,500 |
| TOTAL SHARES & DEPOSITS | 105,771,857 |
| TOTAL LIABILITIES | 107,400,559 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 9,940,156 |
| TOTAL EQUITY | 9,940,156 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 117,340,715 |
| INCOME & EXPENSE | |
| Loan Income | 3,115,849 |
| Investment Income | 901,575 |
| Other Income | 214,306 |
| Total Employee Compensation & Benefits | 1,822,548 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,242,805 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 23,195 |
| Cost of Funds | 1,332,718 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 655,961 |
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