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CHIEF FINANCIAL FEDERAL CREDIT UNION

Dec, 31, 2023 — CHIEF FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in ROCHESTER HILLS, MI with 4 branch locations and about $212.43 million in total assets. Opened 83 years ago in 1941, CHIEF FINANCIAL FEDERAL CREDIT UNION has about 21,465 members and employs 46 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 272483785
Name:CHIEF FINANCIAL FEDERAL CREDIT UNION
Address:
(Main Office)
200 Diversion St Ste 200
ROCHESTER HILLS, MI 48307-2207
Phone:(800) 844-5440
Fax:
Website:https://www.chiefonline.com
Branches:4 branch locations
Members:21,465
Credit Union Type:Federal Credit Union
Charter Number:4271
Membership Type:Multiple common bond - Primarily transportation equipment
Corporate Credit Union:No
Year Opened:1941
Last Audited:Jun 01, 2023
FHLB Member:Yes
Low Income Designation:No
Assets:$212,427,753
CEO/Manager:Tom Dluzen
Chairperson:Melody Sugden

Call Report

  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 9,352,122
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 21,683,916
 Unsecured Loans 3,060,812
 Other Loans 112,589,688
 TOTAL LOANS 137,376,186
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,668,987
 Land And Building 13,610,571
 Other Fixed Assets 406,546
 NCUSIF Deposit 1,806,150
 All Other Assets 0
  TOTAL ASSETS 212,427,753
LIABILITIES & CAPITAL:  
 Dividends Payable 152,373
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,291,398
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 21,158,888
 Regular shares 54,120,899
 All Other Shares & Deposits 113,042,466
  TOTAL SHARES & DEPOSITS 188,322,253
  TOTAL LIABILITIES 189,766,024
 Regular Reserve 0
 Other Reserves 4,453,477
 Undivided Earnings 18,208,252
  TOTAL EQUITY 22,661,729
  TOTAL LIABILITIES, SHARES, & EQUITY 212,427,753
INCOME & EXPENSE  
 Loan Income 6,738,073
 Investment Income 2,145,280
 Other Income 3,046,511
 Total Employee Compensation & Benefits 3,994,918
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 5,460,526
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 459,121
 Cost of Funds 3,491,597
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -1,290,676
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