Sep, 30, 2025 — COMMUNITY PROMISE FEDERAL CREDIT UNION is a federal credit union headquartered in KALAMAZOO, MI with 1 branch location and about $610,783 in total assets. Opened 14 years ago in 2012, COMMUNITY PROMISE FEDERAL CREDIT UNION has about 246 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | COMMUNITY PROMISE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1313 Portage St KALAMAZOO, MI 49001-3050 |
| Phone: | (269) 459-1777 |
| Fax: | |
| Website: | https://www.communitypromisefcu.org |
| Branches: | 1 branch locations |
| Members: | 246 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24848 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 2012 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $610,783 |
| CEO/Manager: | Donald R Viland |
| Chairperson: | Jim Houston |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 123,449 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 104,734 |
| Other Loans | 364,287 |
| TOTAL LOANS | 469,021 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -44,624 |
| Land And Building | 0 |
| Other Fixed Assets | 13,889 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 7,905 |
| All Other Assets | 0 |
| TOTAL ASSETS | 610,783 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,121 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 40,630 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 20,000 |
| Share Drafts | 6,170 |
| Regular shares | 152,781 |
| All Other Shares & Deposits | 371,121 |
| TOTAL SHARES & DEPOSITS | 530,073 |
| TOTAL LIABILITIES | 591,824 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 18,959 |
| TOTAL EQUITY | 18,959 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 610,783 |
| INCOME & EXPENSE | |
| Loan Income | 44,812 |
| Investment Income | 6,226 |
| Other Income | 3,252 |
| Total Employee Compensation & Benefits | 91,588 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 77,810 |
| Non-operating Income & (Expense) | 35,665 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 38,046 |
| Cost of Funds | 21,949 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -129,934 |
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