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MICHIGAN COLUMBUS FEDERAL CREDIT UNION

Mar, 31, 2022 — MICHIGAN COLUMBUS FEDERAL CREDIT UNION is a federal credit union headquartered in LIVONIA, MI with 1 branch location and about $63.97 million in total assets. Opened 75 years ago in 1947, MICHIGAN COLUMBUS FEDERAL CREDIT UNION has about 4,323 members and employs 13 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: 272478842
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:http://www.mcfcu.net
Branches:1 branch locations
Members:4,323
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$63,971,230
CEO/Manager:Barbara Trevino
Chairperson:Erik M Mayernik

Call Report

  • First Time Homebuyer Program
  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 8,436,267
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 16,758,265
 Unsecured Loans 1,703,291
 Other Loans 4,918,575
 TOTAL LOANS 23,380,131
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -67,655
 Land And Building 717,826
 Other Fixed Assets 3,873
 NCUSIF Deposit 513,314
 All Other Assets 0
  TOTAL ASSETS 63,971,230
LIABILITIES & CAPITAL:  
 Dividends Payable 45
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 507,095
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 11,989,660
 Regular shares 22,015,969
 All Other Shares & Deposits 23,253,535
  TOTAL SHARES & DEPOSITS 57,259,164
  TOTAL LIABILITIES 57,766,304
 Regular Reserve 0
 Other Reserves 1,788,880
 Undivided Earnings 4,416,046
  TOTAL EQUITY 6,204,926
  TOTAL LIABILITIES, SHARES, & EQUITY 63,971,230
INCOME & EXPENSE  
 Loan Income 228,518
 Investment Income 96,619
 Other Income 28,270
 Total Employee Compensation & Benefits 113,859
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 203,462
 Non-operating Income & (Expense) -1,000
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -515
 Cost of Funds 18,203
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 65,259
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