Sep, 30, 2025 — MICHIGAN COLUMBUS FEDERAL CREDIT UNION is a federal credit union headquartered in LIVONIA, MI with 2 branch locations and about $73.01 million in total assets. Opened 79 years ago in 1947, MICHIGAN COLUMBUS FEDERAL CREDIT UNION has about 4,000 members and employs 14 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MICHIGAN COLUMBUS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 30419 6 Mile Rd LIVONIA, MI 48152-3460 |
| Phone: | (734) 425-5080 |
| Fax: | (734) 425-1181 |
| Website: | https://www.mcfcu.net |
| Branches: | 2 branch locations |
| Members: | 4,000 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5554 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1947 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $73,010,283 |
| CEO/Manager: | Janet B Thompson |
| Chairperson: | Erik M Mayernik |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,080,883 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 20,513,566 |
| Unsecured Loans | 1,695,411 |
| Other Loans | 6,087,202 |
| TOTAL LOANS | 28,296,179 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -191,113 |
| Land And Building | 734,831 |
| Other Fixed Assets | 11,734 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 608,680 |
| All Other Assets | 0 |
| TOTAL ASSETS | 73,010,283 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 48 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 411,667 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 14,267,196 |
| Regular shares | 29,053,193 |
| All Other Shares & Deposits | 17,815,733 |
| TOTAL SHARES & DEPOSITS | 61,136,122 |
| TOTAL LIABILITIES | 61,547,837 |
| Regular Reserve | 0 |
| Other Reserves | 4,029,847 |
| Undivided Earnings | 7,432,599 |
| TOTAL EQUITY | 11,462,446 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 73,010,283 |
| INCOME & EXPENSE | |
| Loan Income | 1,208,513 |
| Investment Income | 1,060,924 |
| Other Income | 248,786 |
| Total Employee Compensation & Benefits | 591,741 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,041,378 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 151,600 |
| Cost of Funds | 242,049 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 560,607 |
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