ALLEGAN COMMUNITY FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.allegancu.com for more information.
Dec, 31, 2023 — ALLEGAN COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in ALLEGAN, MI with 3 branch locations and about $82.23 million in total assets. Opened 79 years ago in 1945, ALLEGAN COMMUNITY FEDERAL CREDIT UNION has about 8,769 members and employs 29 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ALLEGAN COMMUNITY FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | P. O. BOX 320 ALLEGAN, MI 49010 |
Phone: | (269) 673-5465 |
Fax: | (269) 673-4298 |
Website: | https://www.allegancu.com |
Branches: | 3 branch locations |
Members: | 8,769 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 5185 |
---|---|
Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1945 |
Last Audited: | Dec 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $82,231,285 |
CEO/Manager: | Kristopher Lewis |
Chairperson: | Lori Drozd |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 11,200,177 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 21,146,775 |
Unsecured Loans | 3,282,289 |
Other Loans | 26,270,960 |
TOTAL LOANS | 50,700,024 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -315,533 |
Land And Building | 976,278 |
Other Fixed Assets | 155,724 |
NCUSIF Deposit | 648,844 |
All Other Assets | 4,080 |
TOTAL ASSETS | 82,231,285 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 23,854 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,543,740 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 19,211,138 |
Regular shares | 32,695,790 |
All Other Shares & Deposits | 20,808,393 |
TOTAL SHARES & DEPOSITS | 72,715,321 |
TOTAL LIABILITIES | 74,282,915 |
Regular Reserve | 0 |
Other Reserves | -196,163 |
Undivided Earnings | 8,144,533 |
TOTAL EQUITY | 7,948,370 |
TOTAL LIABILITIES, SHARES, & EQUITY | 82,231,285 |
INCOME & EXPENSE | |
Loan Income | 641,251 |
Investment Income | 50,618 |
Other Income | 180,376 |
Total Employee Compensation & Benefits | 438,351 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 511,381 |
Non-operating Income & (Expense) | -6,204 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 23,978 |
Cost of Funds | 25,665 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,028,057 |
↑ Back to Top |