Sep, 30, 2025 — PORT CITY FEDERAL CREDIT UNION is a federal credit union headquartered in MUSKEGON, MI with 1 branch location and about $39.65 million in total assets. Opened 82 years ago in 1944, PORT CITY FEDERAL CREDIT UNION has about 2,678 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PORT CITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 460 W Laketon Ave MUSKEGON, MI 49441-2632 |
| Phone: | (231) 725-3312 |
| Fax: | (231) 725-4694 |
| Website: | https://www.portcityfcu.com |
| Branches: | 1 branch locations |
| Members: | 2,678 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5116 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1944 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $39,647,716 |
| CEO/Manager: | Ashton m Person |
| Chairperson: | Kathleen Wilkerson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 657,066 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,119,908 |
| Unsecured Loans | 720,613 |
| Other Loans | 7,024,231 |
| TOTAL LOANS | 13,864,752 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -23,253 |
| Land And Building | 22,977 |
| Other Fixed Assets | 65,706 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 345,219 |
| All Other Assets | 0 |
| TOTAL ASSETS | 39,647,716 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 95,923 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 106,578 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,744,321 |
| Regular shares | 9,516,650 |
| All Other Shares & Deposits | 20,327,279 |
| TOTAL SHARES & DEPOSITS | 34,588,250 |
| TOTAL LIABILITIES | 34,790,751 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 4,856,965 |
| TOTAL EQUITY | 4,856,965 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 39,647,716 |
| INCOME & EXPENSE | |
| Loan Income | 482,818 |
| Investment Income | 708,424 |
| Other Income | 122,648 |
| Total Employee Compensation & Benefits | 350,059 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 478,379 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 20,833 |
| Cost of Funds | 417,691 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 152,639 |
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