Dec, 31, 2023 — GRAND TRUNK BATTLE CREEK EMP FEDERAL CREDIT UNION is a federal credit union headquartered in BATTLE CREEK, MI with 2 branch locations and about $38.82 million in total assets. Opened 79 years ago in 1945, GRAND TRUNK BATTLE CREEK EMP FEDERAL CREDIT UNION has about 2,620 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GRAND TRUNK BATTLE CREEK EMP FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1275 Raymond Rd N BATTLE CREEK, MI 49014 |
| Phone: | (269) 965-1381 |
| Fax: | (269) 965-6558 |
| Website: | https://www.grandtrunkcu.com |
| Branches: | 2 branch locations |
| Members: | 2,620 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5170 |
|---|---|
| Membership Type: | Service - Transportation |
| Corporate Credit Union: | No |
| Year Opened: | 1945 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $38,819,603 |
| CEO/Manager: | LuAnn M Schott |
| Chairperson: | Larry L Gilbert |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,153,932 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,938,227 |
| Unsecured Loans | 1,375,273 |
| Other Loans | 9,544,306 |
| TOTAL LOANS | 13,857,806 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -80,449 |
| Land And Building | 378,846 |
| Other Fixed Assets | 28,709 |
| NCUSIF Deposit | 331,348 |
| All Other Assets | 0 |
| TOTAL ASSETS | 38,819,603 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 37 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 129,273 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,601,502 |
| Regular shares | 9,751,168 |
| All Other Shares & Deposits | 16,697,269 |
| TOTAL SHARES & DEPOSITS | 32,049,939 |
| TOTAL LIABILITIES | 32,179,249 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 6,640,354 |
| TOTAL EQUITY | 6,640,354 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 38,819,603 |
| INCOME & EXPENSE | |
| Loan Income | 999,421 |
| Investment Income | 504,285 |
| Other Income | 134,862 |
| Total Employee Compensation & Benefits | 803,898 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 633,243 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 80,449 |
| Cost of Funds | 115,387 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 273,973 |
| ↑ Back to Top | |